A wealth tax for tech billionaires

A proposal in the Washington state legislature would impose a 1 percent wealth tax on assets over $1 billion. Recode’s Teddy Schleifer (@teddyschleifer) explains why the state’s billionaires — like Bill Gates, Jeff Bezos, and MacKenzie Scott — aren’t getting behind it. References:  Read Teddy’s piece here Enjoyed this episode? Rate Recode Daily ⭐⭐⭐⭐⭐ and leave a review on Apple Podcasts.   What do you want to learn about on Recode Daily? Send your requests and questions to recodedaily@recode.net. We read every email!    Subscribe for free. Be the first to hear the next episode of Recode Daily by subscribing in your favorite podcast app.   Learn more about your ad choices. Visit megaphone.fm/adchoices This episode was made by:  - Host: Adam Clark Estes (@adamclarkestes) - Producer: Will Reid (@WillR56) - Engineer: Paul Mounsey   Support Recode Daily by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices