A pro-wealth advocate is planning a “March for Billionaires” on the streets of San Francisco Saturday to push back against California’s proposed “billionaire’s tax.”
And he swears he isn’t kidding.
Startup founder and event organizer Derik Kauffman confirmed this week that the march would indeed take place after many assumed he announced it as a joke.
“Vilifying billionaires is popular. Losing them is expensive,” reads a message on the event’s official website.
“California benefits enormously when entrepreneurs choose to build here. We’re currently watching them leave.”
Kauffman — cofounder of the AI startup RunRL — told the San Francisco Examiner that the march aims to “change the sentiment… to recognize that billionaires have done a lot for us and communicate that we’re glad they’re here.”
He added that he isn’t acting on behalf of the super rich and hasn’t received any funding from billionaires, organizing the movement on his own.
The march was set to begin at 11 a.m. Saturday at Alta Plaza Park in Pacific Heights, then continue to the Civic Center for a rally at 12:30 p.m.