Business

For years, rich nations have sent money to lower-income countries to help deal with the impacts of climate change. But it turns out, these wealthy nations are finding creative ways to funnel some of that financing back into their own economies. Today, we look at how the climate crisis is reviving a debate over how money should flow from rich to less-rich nations.

Related episodes:
A countdown to climate action (Apple / Spotify)
Gambling, literally, on climate change (Apple / Spotify)
Blue bonds: A market solution to the climate crisis? (Apple / Spotify)
Why a debt tsunami is coming for the global economy (Apple / Spotify)

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California's wildfire risk is so high, numerous insurance companies have left the state. Now, the insurance commissioner has presented a new plan to entice them to return.

Julian Assange avoids a trial or further jail time in the U.S. for posting classified documents, but his plea deal suggests journalists cannot count on sidestepping prosecution for publishing such government secrets.

The last major overhaul of the tax code was in 2017, when Republicans passed the Tax Cuts and Jobs Act. Much of that is set to expire next year, and that means a big debate over tax policy is looming.

Voters this fall won't just be voting for a president—they'll essentially decide who pays for the government and how much for years to come.

Today on the show, we explain the battle lines forming in this tax code throwdown.

Related Episodes:
The Good, The Bad and The Tax Cuts
Happy Birthday, Tax Cuts!

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

(Note: A version of this episode originally ran in 2019.)

In 1794, George Washington decided to raise money for the federal government by taxing the rich. He did it by putting a tax on horse-drawn carriages.

The carriage tax could be considered the first federal wealth tax of the United States. It led to a huge fight over the power to tax in the U.S. Constitution, a fight that continues today.

Listen back to our 2019 episode: "Could A Wealth Tax Work?"

Listen to The Indicator's 2023 episode: "Could SCOTUS outlaw wealth taxes?"

This episode was hosted by Greg Rosalsky and Bryant Urstadt. It was originally produced by Nick Fountain and Liza Yeager, with help from Sarah Gonzalez. Today's update was produced by Willa Rubin and edited by Molly Messick and our executive producer, Alex Goldmark.

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On this day before the presidential candidates debate, we have some debate prep for voters. Tuesday's briefing was on immigration -- and now the issue is the economy.