About this episode
A growing number of states are looking at implementing a wealth tax to fund social services.
California is among them, with a billionaire tax set to be included on its November ballot. And this month, New York City Mayor Zohran Mamdani, a democratic socialist, and Democratic New York Gov. Kathy Hochul introduced a proposed tax on luxury second homes in the city. In March, Washington passed its first ever income tax – which has already been met with a legal challenge.
All this comes as the wealth gap in the U.S. grows to its widest point in three decades – and only looks set to keep increasing. In this installment of “If You Can Keep It,” we look at how tax codes have contributed to a growing inequality in the country, how to fix it, and what this wealth gap means for the health of our democracy.
Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
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California is among them, with a billionaire tax set to be included on its November ballot. And this month, New York City Mayor Zohran Mamdani, a democratic socialist, and Democratic New York Gov. Kathy Hochul introduced a proposed tax on luxury second homes in the city. In March, Washington passed its first ever income tax – which has already been met with a legal challenge.
All this comes as the wealth gap in the U.S. grows to its widest point in three decades – and only looks set to keep increasing. In this installment of “If You Can Keep It,” we look at how tax codes have contributed to a growing inequality in the country, how to fix it, and what this wealth gap means for the health of our democracy.
Find more of our programs online. Listen to 1A sponsor-free by signing up for 1A+ at plus.npr.org/the1a.
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
NPR Privacy Policy
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