Can California Actually Make Billionaires Pay?

Dave Regan, the president of the prominent California union S.E.I.U.-United Healthcare Workers West, joins Tyler Foggatt to discuss Proposition 40, a ballot measure that would impose a one-time, five-per-cent tax on the net worth of the state’s billionaires. They talk about the origins of the initiative—which came in response to cuts to health care from Donald Trump’s One Big Beautiful Bill Act—and how the political fight over the proposition fits into the broader wave of populist politics and a growing appetite for challenging the wealthy. They also explore the opposition from a handful of wealthy Silicon Valley figures, who have spent more than a hundred million dollars to defeat the measure. California’s governor, Gavin Newsom, and some health-care organizations have expressed concerns that the tax could drive the ultra-wealthy out of the state and would fail to provide a long-term funding solution for public services. Whether the ballot measure fails or passes, does the fight over Proposition 40 signal a broader shift toward more ambitious efforts to tax the wealthy? This week’s reading: “How Ukraine Brought the War to Russia,” by Joshua Yaffa “Inside ICE’s Largest Detention Center,” by Jonathan Blitzer “Democratic Schadenfreude and the Latino Vote,” by Jack Herrera “The Remaking of Lindsey Graham,” by Ruth Marcus “An O.M.B. Plan to Defund Science—and Anything Trump Doesn’t Like,” by Elizabeth Kolbert The Political Scene draws on the reporting and analysis found in The New Yorker for lively conversations about the big questions in American politics. Join the magazine’s writers and editors as they put into context the latest news—about elections, the economy, the White House, the Supreme Court, and much more. New episodes are available three times a week.  Learn more about your ad choices. Visit podcastchoices.com/adchoices