The NPR Politics Podcast

California considers a wealth tax on billionaires

October 7, 2026
California considers a wealth tax on billionaires
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 Parks, senior political correspondent Tamara Keith, and KQED correspondent Marisa Lagos.

This podcast was produced and edited by Casey Morell and Bria Suggs.

Our executive producer is Muthoni Muturi.

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