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Podcast: The Journal.
Episode:

California Billionaires Are Freaking Out Over a New Tax Proposal
Category: News & Politics
Duration: 00:18:31
Publish Date: 2026-02-12 20:54:00
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

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