Wsj What's News

Voters in California are weighing a one-time tax on billionaires. Meanwhile, states including Maine and Massachusetts have already implemented income taxes on wealthy residents. The idea of levying higher taxes on the rich is catching on across the U.S., but the way the measures work—and how residents feel about them—couldn’t be more different. Host Alex Ossola discusses the efforts to tax the wealthy (and their opposition) with WSJ economics reporter Jeanne Whalen and Journal enterprise reporter Laura Nelson.  Further Reading Proposed California Billionaire Tax Clears Key Hurdle on Way to Ballot  Rich Californians Are Finding Creative Ways to Get Ahead of the Billionaire Tax California’s Tax-Weary Billionaires Seek Refuge on Lake Tahoe’s Nevada Shore  Wealth-Tax Fever Is Spreading to Less-Wealthy States Learn more about your ad choices. Visit megaphone.fm/adchoices