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LETTER: Taxing extreme wealth can create a stable society

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B.C.’s Finance Minister Katrine Conroy speaks during budget lockup in Victoria on Thursday (Feb. 22, 2024). (Lauren Collins)

For the most part, the Feb. 29 article on the new provincial budget uses the usual dichotomous framework for budget reporting: is it a “spending” budget or a “fiscally responsible” budget? However, this is a false dichotomy, inherent in neoliberal thinking, which hides from us the existence of a third option. To the writer’s credit, he alludes to this third way in the last four paragraphs: “missing from the budget is a tax on wealth (rather than revenue) or windfall profits.

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