BEGIN:VCALENDAR VERSION:2.0 X-WR-CALNAME:www.indybay.org PRODID:-//indybay/ical// v1.0//EN BEGIN:VEVENT UID:Indybay-18883737 SEQUENCE:19060167 CREATED:20260202T060000Z DESCRIPTION:Billionaires For Billionaires Rally in San Francisco\n\nThe over 70 billionaires in San Francisco angry that people are blaming them for stealing all the wealth in this country. Eight billionaires control 50% of the wealth of this country is controlled by these oligarchs.\n\n‘March for Billionaires’ planned in San Francisco. Is it satire?\nNew group calls billionaires ‘value creators’ who are ‘building, not taking’ — closely mirroring real tech execs’ rhetoric\nA person with short dark hair, a beard, and glasses, wearing a teal fleece jacket, smiles in front of a plain light background..jpeg\nby JOE RIVANO BARROS\nFebruary 1, 2026, 4:09 pm\nA blue graphic announces "March for Billionaires" with event details for February 7, 2026, in San Francisco, CA, and buttons to join or learn more.\nThe "March for Billionaires" website advertises a rally starting near Pac Heights and moving to San Francisco City Hall.\nA new group is advertising a “March for Billionaires” in San Francisco on Saturday — either a Swiftian attempt to parrot Silicon Valley executives who are raging against a planned California billionaire tax, or an earnest try to ward it off.\n\n“Vilifying billionaires is popular. Losing them is expensive,” reads the group’s website, which is scant and gives no indication of who is behind the effort. Organizers did not respond to emailed questions. The site links to BlueSky and Twitteraccounts — the latter is @ProBillionaires — and records show the website was created on Jan. 29. \n\nIts language mimics tech executives who have been fighting the “Billionaire Tax Act,” which is being put forth by Service Employees International Union-United Healthcare Workers West and would institute a one-time wealth tax on those with a net worth over $1 billion. The measure has yet to qualify for the ballot but, if successful, would tax billionaire residents 5 percent of their wealth.\n\nMission Local logo, with blue and orange lines on the shape of the Mission District.jpeg\nWant the latest on the Mission and San Francisco? Sign up for our free daily newsletter below.\nSign up\nSEIU-UHW says the tax would stave off about $100 billion in “cuts to federal healthcare funding” and affect roughly 200 billionaires. The measure has received the backing of Vermont Sen. Bernie Sanders, California Rep. Ro Khanna, and the Teamsters California union. Khanna is working on a compromise measure.\n\nGov. Gavin Newsom opposes it. The state office that analyzes legislation wrote that the tax would likely add “tens of billions of dollars” to the California budget, but could result in ongoing tax losses of “hundreds of millions of dollars or more per year” if billionaires flee the state.\n\nSilicon Valley is rising up against it. President Donald Trump’s crypto czar David Sacks called the measure an “asset seizure” and has reportedly left for Texas. Y Combinator CEO Garry Tan said the tax would “wholesale destroy business creation” in the state. Anduril founder Palmery Lucky (net worth: $3.6 billion) said he could be “screwed for life” and would be forced to “sell huge chunks” of his stock. \n\n15% Discount .webp\nGoogle co-founders Sergey Brin and Larry Page have relocated dozens of limited liability companies and other business entities outside of California, and Brin has given $20 million to a political action committee that may fight the tax. Venture capitalist Peter Thiel has given $3 millionto a similar effort.\n\nThe site calls billionaires “value creators” who are “building, not taking” and lists 10 of them, including Amazon CEO Jeff Bezos, Page and Brin, the popstar Taylor Swift, the tennis champion Roger Federer, and James Dyson, who the site says “invented the bagless vacuum cleaner after 5,127 prototypes.”\n\n“These billionaires didn’t steal from you,” it reads. “They created new products, new services, new possibilities that millions of people freely chose.”\n\nOn BlueSky, the group has shared Y Combinator founder Paul Graham’s well-known essay calling for a fight against poverty rather than inequality, and a post from Matthew Yglesias that reads, “It’s time to take a bold stand in defense of America’s oft-maligned billionaire class.”\n\nIt retweeted a post from Tan where the CEO is wearing, unironically, a shirt that reads, “We should have more billionaires.” \n\nThe in-person march is marketed for Feb. 7 at 11 a.m. It will start at Alta Plaza Park, in tony Pacific Heights, and end with a rally at City Hall. \n\nIn November, a “People Over Billionaires” marchtook a similar route through the wealthy area and stopped to chant in front of multi-million dollar homes: “Let’s stop these money grabbing maniacs from wrecking our world!”\n https://www.indybay.org/newsitems/2026/02/01/18883737.php SUMMARY:SF Billionaires For Billionaires Rally- They Want More Billionaires & Want to Be Loved LOCATION:It will start at Alta Plaza Park at 11:00 A and march to SF City Hall for rally at 12:30 pm URL:https://www.indybay.org/newsitems/2026/02/01/18883737.php DTSTART:20260207T220000Z DTEND:20260208T010000Z END:VEVENT END:VCALENDAR