politics

Why We March

Vilifying billionaires is popular. Losing them is expensive. Most made their fortunes building companies that employ thousands and solve real problems. Their wealth is largely stock in those companies, not vaults of cash.

California benefits enormously when entrepreneurs choose to build here. We're currently watching them leave.

The Billionaire Tax Act has already pushed the founders of Google to leave the state, taking their economic contributions with them. By taxing unrealized gains and voting shares, the act would make it difficult for founders to retain control of their startups.