Taxing the rich to pay for healthcare for the poor
Podcast: Marketplace All-in-OnePublished On: Wed Oct 07 2026
Description: An initiative on the California ballot would levy the nation’s first wealth tax on billionaires. Supporters say the proceeds would help offset President Donald Trump’s sweeping healthcare cuts and that it could be a blueprint for other states, but critics argue that the temporary infusion of cash is a giveaway to politicians. We dig into the arguments. But first, it’s been a bit of a rough year for toy maker giants Hasbro and Mattel. What gives?Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.Stories featured in this podcast:Why it's been a rough time for toy makers Mattel and HasbroCalifornia’s billionaire tax promises healthcare relief. The fine print is murkier.
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