1. What is Taxation? ANSWER: A revenue source.
2. What is Investment Return? ANSWER: A revenue Source.
3. What do Enterprise operations do? ANSWER: Generate a revenue Source.
There is a common myth that the government does not produce wealth, it only distributes wealth. This could be easily conceived if you believe that tax dollars are the only source of revenue for the government. Comprehensive Annual Finance Reports from around the nation have shown that governments have investments that they do not include in the budget. Citizens are always told that there is a budget deficit and that taxes need to be increased, however there is never mention of the surplus from the investments which are not mentioned in the budget. To find those you must look in the Comprehensive Annual Finance Report. So with the extra surplus, there should be no need for taxes.
Debating why we might still need to pay taxes is not my objective, and the answer relies on individual opinion. My objective is to prove with this one bullet point whether or not there is such a thing as a CAFR and whether or not it functions as separate from the budget.
* CAFR. Real or theory?