Madam Speaker, I very much appreciate the motion in a number of respects. I think we have to tackle wealth inequality. Of course I would like to see a social safety net, akin to a basic income that leaves nobody behind. The math does not work directly, so the money generated from an excess profits tax and wealth tax together would not even address the first issue of a minimum income, let alone the other noble objectives.
I want to narrow in specifically on the excess profits tax. I see specificity when it comes to the wealth tax; I do not see the same specificity when it comes to the excess profits tax. I wonder what the specific thresholds are and how much the member thinks it might generate.