Podcasts · WSJ Opinion: Potomac Watch
California’s Prop. 40 Wealth Tax and the Economic Stakes
· 24 min · Episode 2164
Episode California’s Prop. 40 Wealth Tax and the Economic Stakes
It's pitched as a one-time 5% retroactive tax on billionaire wealth, but money is already fleeing California in response, which is why Gov. Gavin Newsom backs Prop. 42 to nullify it. Plus, the latest inflation report shows prices up 3.7% in a year.
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