The March for Billionaire's rally took place in Alta Plaza Park on Saturday morning in San Francisco.

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.

The March for Billionaire rally, organized by Derik Kauffman, a 26-year-old tech founder, surfaced online last week as a movement to oppose a billionaire tax proposal that could head to the ballots this November. The rally on Saturday morning garnered a lot of attention from passersby and journalists who came to observe a group of political theater trollsters and barely a dozen earnest pro-billionaire supporters at Alta Plaza Park in Pacific Heights. Kaufman, however, said there were at least 20 protestors of the wealth tax at the rally.

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“There is risk,” Kauffman told SFGATE about coming out in public support for billionaires. “I was probably the most hated guy on [Bluesky] for 16 hours.” But, he said, staying anonymous would not be practical in order to get his message across. That message, he said, is that the wealth tax proposal is “poorly designed” and will drive big names from the state. He arrived Saturday morning in a blue button up, tucked into khakis, with a sign that read: “Larry and Sergey Gone. Who’s next?”

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.

The proponents defend a one-time 5% tax on every........

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