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California considers a wealth tax on billionaires

The NPR Politics Podcast

California has more billionaires than any other state in the U.S. On the state's ballot this election cycle is a proposition to levy a one-time wealth…

0:00 21:03

Episode Summary

California has more billionaires than any other state in the U.S. On the state's ballot this election cycle is a proposition to levy a one-time wealth tax on its resident billionaires. We explain what the tax would do, and why the groups & figures opposing the initiative make for strange bedfellows.This episode: voting correspondent Miles…

Published October 7, 2026 · 21:03