Benefactors of growth can afford to pay more

Top income earners could fund much of B.C.'s deficit reduction

Re: Here comes the tax, man (Our View, Feb. 1)

The editorial said, “British Columbians now have to decide what they value more: services or disposable income – or find a balance between the two.”

The Canadian Centre for Policy Alternatives report referred to, “Progressive Tax Options for B.C. – Reform Ideas for Raising New Revenues and Enhancing Fairness,” actually said that we could have more disposable income and more social services.

The report made a plea for progressive taxation. It’s fair for the benefactors of B.C.’s recent economic growth to give a little more to the common pool, since their taxes are lower than the rest of Canada. This would raise needed program revenue, reduce income inequality and increase disposable income.

If the top six per cent of B.C. residents, those with incomes over $103,000, paid a fair tax share, we would raise $930 million. That would build 2,000 social housing units annually, pay increased welfare to cover food and housing, support families by properly funding ministry programs, restore school class sizes to 2007 levels and increase post-secondary education funding by 10 per cent.

The Centre also said for the price of a cup of coffee each a day, we’d raise $2.3 billion for substantial investment in a number of areas.

It did sound like a few people might have to forgo that extra yacht, Maserati or vacation mansion, including me.

Larry Wartel

Victoria

Just Posted

Head-on collision in Saanich draws attention to rural road safety

Saanich says additional road safety measures are already planned or underway

Watershed concerns prompt opposition to alternate Malahat routes

Motion submitted to Regional Water Supply Commission opposing highway in watershed

Remembering Nirvana in Victoria on Cobain’s 52 birthday

Nirvana played one show in Victoria on March 8, 1991 at the Forge

Vancouver measles outbreak prompts vaccine vigilance on Island

Island health authorities push measles vaccinations - and not just for kids

Flu season could last until May — Greater Victoria clinics offer flu shots

Vaccines are available through public health clinics, pharmacies and doctor’s offices

‘Riya was a dreamer’: Mother of slain 11-year-old Ontario girl heartbroken

Her father, Roopesh Rajkumar, 41, was arrested some 130 kilometres away

Greater Victoria Wanted List for the week of Feb. 19

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

Market volatility, mortgages loom over upcoming earnings of Canada’s big banks

Central bank interest hikes have padded the banks’ net interest margins

Hearings into SNC-Lavalin affair start today, but not with Wilson-Raybould

She has repeatedly cited solicitor-client privilege to refuse all comment

VIDEO: 8 things you need to know about the 2019 B.C. budget

Surplus of $247 million with spending on children, affordability and infrastructure

Tilray to acquire hemp food company Manitoba Harvest for up to $419 million

Tilray will pay $150 million in cash and $127.5 million in stock.

Tears, flowers at impromptu memorial for Syrian children killed in Halifax fire

The family had only lived in the Quartz Drive home for a few months

NDP candidates push for stronger climate action as Singh supports LNG Canada

Singh has tried to project unity in the party while facing internal criticism for poor fundraising and low support in the polls

‘Bullet missed me by an inch’: Man recounts friend’s killing at Kamloops hotel

Penticton man witnessed Summerland resident Rex Gill’s murder in Kamloops

Most Read