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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