Washington is a wealthy state.... that needs more money. So a couple years ago, it tried a new way to tax rich people. It’s called the capital gains tax, but an initiative on the ballot could kill it this November.

On this week’s episode of Booming, we dig into Initiative 2109. Is the capital gains tax doing what it's supposed to do? What would a fair tax system actually look like here in Washington?

Thank you to the supporters of KUOW, you help make this show possible! If you want to help out, go to kuow.org/donate/boomingnotes.

Booming is a production of KUOW in Seattle, a proud member of the NPR Network. Our editor is Carol Smith. Our producer is Jennie Cecil Moore. Our hosts are Joshua McNichols and Lucy Soucek, filling in for Monica Nickelsburg.