California Billionaires Are Freaking Out Over a New Tax Proposal
An influential California labor union is gathering signatures for a proposed asset tax on billionaires. But some of California’s ultra-wealthy are threatening to pack their bags — leaving the state’s tax revenue in the balance. WSJ’s Laura J. Nelson explains what’s potentially at stake and why a billionaire exodus is harder than simply renting a truck. Jessica Mendoza hosts.
Further Listening:
- The Healthcare Costs of Trump’s Big Beautiful Bill
- Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
More description
An influential California labor union is gathering signatures for a proposed asset tax on billionaires. But some of California’s ultra-wealthy are threatening to pack their bags — leaving the state’s tax revenue in the balance. WSJ’s Laura J. Nelson explains what’s potentially at stake and why a billionaire exodus is harder than simply renting a truck. Jessica Mendoza hosts.
Further Listening:
- The Healthcare Costs of Trump’s Big Beautiful Bill
- Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
Listen elsewhere
Available Results
Generated results are saved to your library for reuse and search.