The Billionaire's Dilemma: Can a Taxing Tale Win Over Voters? Tom Steyer, billionaire hedge fund founder turned climate activist, is running for governor of California on a platform that sets him apart from his peers.
He wants to tax himself and other ultra wealthy individuals to fund social programs, an idea that is both radical and refreshing.
On its surface, this proposal seems like a genuine attempt by a member of the 1% to address growing income inequality in California.