#billionaire-tax

#billionaire-tax

A march supporting California's billionaires didn't exactly draw a huge crowd on Saturday - the San Francisco Chronicle counted around three dozen attendees, along with another dozen tongue-in-cheek counter-protesters. To be fair, organizer Derik Kauffman had predicted attendance of only "a few dozen" beforehand. But the "March for Billionaires" has drawn outsized attention on social media because it's such an incongruous idea, and according to Mission Local, journalists nearly outnumbered demonstrators at the event itself, where marchers carried signs with messages like "We ❤️ You Jeffrey Bezos" and "It's very difficult to write a nuanced argument on a sign."

A few dozen supporters showed up for Saturday's decidedly unironic March for Billionaires protest, which was evenly matched by several members of the press and a group of activists one-upping the sympathizers with a satirical March for Trillionaires rally. As Mission Local reports, a small contingent of billionaire supporters, who claim they're not actually billionaires themselves, held a March for Billionaires protest at Alta Plaza Park in San Francisco's Pacific Heights Saturday morning.

If you live in Illinois, you pay a greater percentage of your income in taxes than almost anyone of any income stratus anywhere in the country. That's not right,

California has proposed the Billionaire Tax Act, which would impose a one-time 5% tax on residents worth over $1 billion. Page, whose net worth is $269 billion as of January according to Forbes, isn't giving California the option to tax him and is deserting the Golden State for a state on the opposite extreme of taxing the wealthy: Florida. The proposed bill, which doesn't appear on the ballot until November, would retroactively tax billionaires living in California as of January 1.