AI-generated (scraped) news from Arabateknik, February 8:
# Dozens Rally in SF for Billionaire Rights March
In a bold and controversial display amid California's escalating budget woes, a small but vocal group rallied in San Francisco's upscale Pacific Heights neighborhood on February 7, 2026, for the "March for Billionaires." Organized by Derik Kauffman, the event protested a proposed Billionaire Tax Act targeting the state's ultrarich, drawing about a dozen sincere participants and dozens of satirical counterprotesters waving puppets and mocking signs.[1][2]
March for Billionaires: A Protest Against the Proposed Tax
The March for Billionaires kicked off at Jackson Street and Scott Street, proceeding down Fillmore Street with speeches celebrating entrepreneurs and innovators. Organizer Derik Kauffman emphasized the rally's sincerity, framing it as a stand against a potential 5% one-time tax on billionaires' net worth—excluding pensions, real estate, and retirement accounts—to fund healthcare and food-assistance programs hit by federal cuts.[1][2] Kauffman highlighted contributions from figures like those behind Amazon deliveries, Airbnb, Google Search, Dyson vacuums, biotech firms like Moderna, Chobani yogurt, tennis star Serena Williams, and broadband chip designers, arguing these "risk-takers build our economy."[2]
Supporters of the march warned that the tax could drive billionaires and their businesses out of California, costing jobs and revenue. Governor Gavin Newsom has echoed these concerns, opposing the measure backed by the Service Employees International Union-United Healthcare Workers West, which needs 875,000 signatures by June 24 for the November ballot.[1]
Counterprotesters Turn Out in Force with Satirical Flair
While the pro-billionaire crowd numbered around a dozen, the event magnetized dozens of humorous counterprotesters who mocked the proceedings. Razelle Swimmer brandished a puppet of the Muppets' Swedish Chef adorned with "Eat the Rich" and knives, declaring billionaires don't deserve extra protections and that their potential exodus wouldn't matter if they refuse higher taxes.[1] Another participant donned a gold crown, waved a "Let them eat cake" sign, and shouted "Keep the poors away from me," amplifying the satirical tone amid California's homelessness and healthcare crises.[1]
The stark contrast underscored deep divisions over wealth inequality in the Golden State, where proponents of the Billionaire Tax Act argue it ensures the ultrarich pay their fair share to aid the majority.[1]
California's Billionaire Tax Debate Heats Up...
....MUCH MORE
