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Sunday, February 08, 2026

Bye bye billionaires

Startup founder behind San Francisco pro-billionaire rally

There are about 214 billionaires that reside in California, but none of them attended the March for Billionaire’s rally held this week to honor their hard work ....

One of the state’s largest labor unions crafted a proposed wealth tax, which would be a one-time 5% income tax on the state’s wealthiest residents. The proposal is in the signature collection phase and if it garners 874,641 signatures, as required by state law, it qualifies for the ballot this November ...


I think the tax ix a good idea. It is only a one time tax ... just one time ... and just 5% of their vast fortunes, to make up for cuts to programs for California's needy by Trump's "big beautiful bill".

But Gavin Newsom, a multimillionaire himself, is against the idea - another reason I would not want to vote for him for president. And the ultra-rich are threatening to leave the state because of this one time tax.

Go ahead, billionaires. Leave the most wonderful place to live in the US because you were too selfish to use 5% of your untold wealth to help those less fortunate, just one time. I won't miss you.

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