›A 'March for Billionaires' rally held in San Francisco on Saturday drew about a dozen participants, according to reports. The event was organized by Derik Kauffman as a sincere protest against a potential new tax on California's wealthiest residents. The proposed Billionaire Tax Act would levy a one-time, 5% tax on the state's billionaires to help offset recent federal cuts affecting healthcare and food-assistance programs. The players Derik Kauffman The organizer of the 'March for Billionaires' rally, who said the event was a sincere protest against the proposed Billionaire Tax Act. Gavin Newsom The governor of California, who opposes the Billionaire Tax Act and argues it could drive billionaires and businesses out of the state.

Source: Los Angeles Times February 08, 2026 00:02 UTC