Alberta ran seven deficits in the past eight fiscal years when oil prices averaged $88 per barrel.
On personal income taxes, Albertans have been hit twice in recent months by provincial and federal tax hikes.
The NDP government has unwittingly told would-be investors and entrepreneurs that their efforts and talents are better deployed elsewhere.
Well-designed consumption taxes, of which sales taxes are one type, are much less damaging.
As oil royalties have fallen, Albertans have endured multiple tax hikes and a S&P downgrade.
The province's new top personal income tax rate is now higher than B.C.'s rate.
When the new federal top tax rate takes effect, Alberta will have one of the highest top rates in North America.
To eliminate the deficit, Alberta's government should restrain spending.