politics
February 9, 2026
An AI startup founder says he's planning a 'March for Billionaires' in protest of California's wealth tax
The organizer of the event swears it's not a joke.
TL;DR
- A "March for Billionaires" is planned in San Francisco to protest California's proposed wealth tax.
- The event's organizer is Derik Kauffman, founder of AI startup RunRL.
- Kauffman believes the Billionaire Tax Act, a one-time 5% tax on wealth over $1 billion, is damaging to the tech economy and startup founders.
- He argues the tax could force founders to liquidate shares and face high tax bills, with no U.S. precedent.
- Kauffman does not expect actual billionaires to attend the march.
- California Governor Gavin Newsom is working to stop the legislation.
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