"Vilifying billionaires is popular. Losing them is expensive."
"this is a joke/satire right??"
"quite damaging to the tech economy."
A San Francisco tech founder organized a 'March for Billionaires' to oppose California's proposed Billionaire Tax Act. The event website used the tagline 'Vilifying billionaires is popular. Losing them is expensive.' Early reactions assumed the site was a hoax, but the organizer confirmed the rally is scheduled for Saturday. The organizer, Derik Kaufmann, founded AI startup RunRL and took part in Y Combinator; he said he is no longer involved with RunRL and that no outside groups or big monied associations are funding the event. The proposed law would impose a one-time 5% tax on Californians worth over $1 billion and is backed by SEIU; supporters say it could fund public services and offset federal funding cuts, while some tech figures warn of economic harm.
Read at TechCrunch
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