Organizer Leads March Against Billionaire Tax

Derik Kauffman, cofounder of AI startup RunRL, organized the 'March for Billionaires' in San Francisco on a Saturday to oppose California’s proposed billionaire tax that would levy 1% annually on fortunes over $4 billion. The 2023 proposal—estimated to raise $6–8 billion and targeting roughly 25–30 individuals—sparked debate about innovation exodus, philanthropy, and education funding, with marchers warning of founder departures.