March 29, 2022 - What the top US billionaires would owe under Biden's new tax plan

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From the Editor's Desk Radical Plan to Make Earth's Deepest Hole Could Unleash Limitless Energy Since its launch in 2020, a pioneering energy company called Quaise has attracted some serious attention for its audacious goal of diving further into Earth's crust than anybody has dug before. Continued here TradeBriefs: Newsletters for Decision-Makers! Our advertisers help fund the daily operations of TradeBriefs. We request you to accept our promotional emails. Want the newsletters, without the promotional mailers? Get an (ad-free) subscription to TradeBriefs Premium for just $2 per month. Access to premium content | No advertisement mailers Work What the top US billionaires would owe under Biden's new tax plan President Joe Biden unveiled a budget proposal that includes a plan for a minimum tax on the wealthiest Americans, including unrealized gains. Work How Plaid's CTO grew his engineering team 17.5x in 4 years How did a growing company like Plaid scale the engineering team 17.5x in four years and keep everything in working order? We talked to CTO Jean-Denis Greze to get some answers. � � Work 30 Ways to Market Your Business With Little or No Money When you start a business, there are a number of challenges that arise. One of the most common is getting the word out without depleting your cash reserves. Since the survival of your business depends on acquiring customers in the most cost effective way, weve decided to list 30 different ways you can market [] Work Airlines want to drop mask and Covid-19 test rules. What do doctors say about it? CNN Travel asks some doctors and disease transmission experts what they think about the possible rollback of Covid precautions for flying. You Might Like � � � Work The bond market is flashing a warning sign a recession may be coming. Here's why A part of the bond market saw its yield curve invert on Monday. An inverted yield curve is a distortion that typically prefaces a recession. Work Russian Oligarch Abramovich Apparently Poisoned After Attempting Ukraine Peace Talks � Work What I wish I knew for Year 1 of my Startup: 13 Founders Reflect on Lessons Learned John Joseph, CEO, Datanomix While not exactly in this company and not super profound really, the voice of the customer is so informative if you are listening. If you want to build something people will love, then you need to spend some time in their heads. Set aside the time to speak with them about [] Work Hotter nights increase risk of death from heart disease for men in early 60s A 1C rise in summer night temperature linked to 3.1% increase in risk of CVD mortality among men aged 60 to 64, study says You Might Like � � � Work The idea of finding a career with 'purpose' is a lie and you should focus on finding tasks that you love, according to this influential researcher "Rather than waking up and just thinking of the stuff you have to get done wake up and start thinking intentionally," Marcus Buckingham said. Work Jada Pinkett Smith's hair loss, noted at the Oscars, is a struggle for many women After Will Smith slapped Chris Rock at the Oscars for a joke about Jada Pinkett Smith's medical condition, there are renewed conversations about toxic masculinity and concepts of feminine beauty. � Work FedEx names Raj Subramaniam as CEO, replacing founder Fred Smith Logistics company FedEx Corp on Monday named Raj Subramaniam as its new chief executive officer, replacing Frederick Smith. Work Biden's 2023 budget includes $14.8 billion for Social Security. Here's what changes that could bring President Joe Biden's 2023 budget could help fund service improvements for Social Security. Some groups had hoped to see more in the president's proposal. � Work The 4 vitamins and supplements this immunologist takes every day to strengthen her immune system: 'Your body will thank you' Yes, taking extra vitamin supplements every day can strengthen your immune system, says immunologist Dr. Heather Moday. She shares her top choices, along with why vitamins C and D are two of the most essential. Work The Digital Superpowers You Need to Thrive � Work Back-to-Office Pressure Is Creating a Crisis for Long COVID Patients Employers could make certain accommodations Work Why People Come to Your Company for the Mission--and Leave Because of the Manager And there is an easy way to figure out which manager. � Work HSBC cuts references to Ukraine 'war' from its analyst reports Bank has softened language in research documents, according to report, amid pressure to exit Russia Work Taliban bars government employees without beards from work Afghanistan's Taliban has instructed all government employees to wear a beard and adhere to a dress code or risk being fired, three sources told Reuters, the latest of several new restrictions imposed by the hardline Islamist administration. Work Stock split may further fuel Tesla stock bubble: strategist Tesla shares are rallying after the company disclosed plans for a stock split on Monday. One strategist isnt convinced the fanfare will last among investors for long. Work Would Putin Strike NATO Supply Lines to Ukraine? History Suggests No. From the Soviets in Afghanistan to the U.S. in Korea, Moscow and Washington have often chosen not to attack the countries aiding their enemies. Work The budget focuses on fighting inflation, but that's mainly a Fed project. The administrations new budget suggests strategies for bringing down inflation, but many would take time to play out, or offer limited help. Work Why It's So Difficult to Assess Pandemic Risks Right Now Californians have more decisions to make about how to deal with Covid-19 than ever before. Work Can the super-rich solve America's budget problem? Joe Biden wants to raise taxes on the likes of billionaires Elon Musk, Jeff Bezos and Warren Buffett. Work FedEx's founder, Fred Smith, will step down as C.E.O. Raj Subramaniam, the current president and chief operating officer, will succeed Mr. Smith, according to a news release issued by FedEx. Work Consumer Watchdog Wants Repeat Offender Banks Stripped of Licenses Naming names, Rohit Chopra says big banks and other companies that break rules multiple times should face long-lasting consequences. Work SEC seeks to broaden definition of dealer to ease liquidity worries The SEC on Monday proposed rules that would force more trading firms to register as dealers and open their books to far greater regulatory oversight. Work Biden says he was 'expressing my outrage' but not making a policy change when he said Putin 'cannot remain in power' President Joe Biden reiterated on Monday that he was not announcing a change in US policy when he had said that Russian President Vladimir Putin "cannot remain in power" -- a remark that caught American and international officials off-guard, sending the White House into clean-up mode over the weekend. Work Honduras' Supreme Court approves extradition of former president to the US The Honduran Supreme Court has authorized the extradition of former president Juan Orlando Hernndez to the US, where he will face drug trafficking and firearms possession charges. Work A Violinist Rethinks Her Devotion to Music, With Emotion and Erudition In Uncommon Measure, a genre-defying memoir, Natalie Hodges writes about the years of her young life spent in classical music. Work Hillary Clinton To Voice The Giant In Arkansas Production Of 'Into The Woods' It's unlikely that playgoers will see the former first lady on stage. The Giant does not appear on stage, and the voice part is usually prerecorded. Work The Academy condemns Will Smith's actions and launches a review The Academy of Motion Pictures Arts and Sciences says it condemns the actions of Will Smith during Sunday night's Oscars. Work German states outlaw displays of the letter 'Z,' a symbol of Russia's war in Ukraine Displaying a "Z" in Bavaria or Lower Saxony could result in a fine or up to three years in jail. People across Germany who use the letter could also be liable to prosecution, an official said Monday. Work Biden's 2023 budget would hike taxes on the ultra-rich and corporations, boost defense and police spending The request to Congress features a new "Billionaire's Minimum Tax," a 20% income tax rate for the top 0.01% earners and households worth more than $100 million. Work El Salvador locks down prisons after wave of 87 killings over weekend Government declares state of emergency after arresting more than 600 gang suspects and ordering food restrictions Work Inside the boardroom shattering at Yandex, Russia's biggest tech company, set into free fall by Putin's Ukraine war Yandex, the "Google of Russia," is stumbling into an uncertain future as insiders try to balance competing principles and pressures amid the Ukraine war. Work Oscars Ratings Bounce Back As Will Smith Slap Hooks Viewers The Oscars were in desperate need of a ratings boost -- and, on a night when Will Smith stunned viewers by slapping Chris Rock on stage, some 15.36 million Americans tuned in. Work The Supply Chain Crisis Is About to Get a Lot Worse A seemingly endless supply chain crunch has fueled interest in tech that promises to track problems or predict where new ones might occur. Work What the West knew about Russia's plans to invade Ukraine The way intelligence was used in this conflict will have a profound effect on the conduct of future operations.. Read more at straitstimes.com. Work Uber Close to Deal for Partnership With San Francisco Taxi Outfit Passengers could soon use the Uber app to order taxis in a deal similar to one recently announced in New York City. Work Extraordinary Antarctica heatwave, 70 degrees above normal, would likely set a world record Scientists were shocked this month when Concordia Research Station in Antarctica reported a temperature 70 degrees above normal. Work Will Smith Is Done Trying to Be Perfect Strategizing about being the biggest movie star in the world that is all completely over. Work G7 rejects Putin's demand for rouble payment for Russian gas Energy ministers from the Group of Seven industrialized nations reject demands by President Vladimir Putin that "unfriendly" countries pay for Russian gas with roubles, Germany's Robert Habeck said after talks with his counterparts on Monday. Work Building a World-Changing Business: Interview with Instagram Co-Founder Mike Krieger An incredible innovator, entrepreneur, and corporate speaker, Mike Krieger is best known for co-founding Instagram. Spotting a gap in the market for a photo-sharing app, Mike designed and developed the internationally successful social media site alongside his partner, Kevin Systrom. During his time as Chief Technology Officer, Mike successfully expanded the platform from a few [] Work Pixxel takes orbital imagery hyperspectral with $25M A round Orbital imagery is one of the hot categories of the new space industry, but theres more to it than meets the (human) eye. Pixxel has raised $25 million to launch a constellation of satellites that will provide hyperspectral imagery of the Earth: a wider slice of the electromagnetic spectrum Work Agile Doesn't Work Without Psychological Safety Scrums and kanbans cant help you if youve got a legacy culture that punishes vulnerability. Work Max Q: A landing system for the moon and beyond Hello and welcome back to Max Q. Before we dive into this weeks news, a brief note: Ill be experimenting with the newsletter over the coming weeks, trying out new segments and features, and I want to hear from you: What do you enjoy reading? What do you want more of? What bores you to Work Papaya Global to buy Azimo to expand its payroll payments Papaya Global to buy Azimo for $150M-$200M to expand its payroll payments to more markets Work Contingent targets broken procurement processes Contingent AI targets broken procurement processes Work Use RevOps to develop a customer-led approach to B2B sales The media is abuzz with articles telling us how to improve B2B sales, but at the same time, we also see headlines like The end of B2B sales. Whos right? Work Kyle Lui leaving DCM to join Bling Capital as second GP Luis move is the latest among high-profile fund managers looking for something new. Work a16z, NFX back Latitud's effort to become 'the operating system for every venture-backed company in LatAm' Andreessen Horowitz and NFX co-led Latitud's seed round to help Latin American enterpreneurs Work Lantum, a platform to manage healthcare staffing, gets a $15M injection Of the many labor issues that arose during the COVID-19 pandemic, one major focus was on healthcare workers, and specifically the challenge of staffing medical environments at a critical moment, during a public health crisis. Today, a healthcare staffing management platform called Lantum is announc Work Are we seeing evidence of a startup slowdown? Based on our look at recent PitchBook data and what we're hearing, we're in what could be the early stages of a venture slowdown. Work Shoreline scores $35M Series B to build automated incident response platform Shoreline founder and CEO Anurag Gupta was in charge of infrastructure at AWS for eight years prior to launching his company. He was responsible for making sure there were systems in place to respond to incidents that slowed down or brought AWS systems to a halt. It was a big job, and while he help Work The Station: Uber seals a deal with NYC taxis, Aurora rolls into ride-hailing and LG Energy invests in North America The Station is a weekly newsletter dedicated to all things transportation.Sign up here just click The Station to receive it every weekend in your inbox. Transportation editor Kirsten Korosec was out for a few days this week, so I (Rebecca Bellan) am here to give you all the important future of Work EnquireLabs aims to pull back curtain on consumer behavior EnquireLabs is uncoupling questions from each other so they can be asked over time, post-purchase. Work Sourceful grabs $20M to make more packaging less polluting Sourceful, an Index Ventures-backed supply chain transparency startup, has fast-fuelled with a $20 million Series A around half a year after it announced a $12.2 million seed round. The latest raise is once again led by Index, with Coatue and Eka Ventures also participating. The 2020-founded startu Work Nvidia is the most important tech company on planet: analyst The bullish vibes continue to surround Nvidia. Work Hedge fund oil positions caught between risks from sanctions and recession: Kemp Hedge fund oil positions caught between risks from sanctions and recession: Kemp Work Japan PM orders cabinet to compile relief package to combat rising prices Japan PM orders cabinet to compile relief package to combat rising prices Work With a Center-Leaning Budget, Biden Bows to Political Reality The presidents budget addresses the main attack lines that Republicans are using against him and his Democratic allies in Congress in the run-up to the midterm congressional elections. Work Explainer-Yield curve flattening and inversion: What is the curve telling us? Explainer-Yield curve flattening and inversion: What is the curve telling us? Work U.S. Treasury refines proposal to enforce 15% global minimum corporate tax U.S. Treasury refines proposal to enforce 15% global minimum corporate tax Work Supreme Court to Hear Copyright Fight Over Andy Warhol's Images of Prince The justices will decide whether the artists reliance on a photograph of the musician was copyright infringement or protected as a new, transformative work. Work EY Brexit tracker finds 7,000 finance jobs have left London for EU EY Brexit tracker finds 7,000 finance jobs have left London for EU Work How dystopias can save the world A new exhibition 'mingles the jolt of the dystopian with the lure of beauty', writes Diane Cole. Work Can tech help you to manage the cost of living? Personal finance apps are everywhere but are they useful if you are already in debt or on low wages. Work New Supply Chain Risk: 22,000 Dockworkers Who May Soon Strike With the contract of union workers at West Coast ports nearing expiration, the prospect of a labor impasse threatens another shock to the global economy. Work 94th Academy Awards Beats Last Year's Lowest-Ever Oscars Ratings Even with a marked rebound in viewership, the 2022 Oscars was the second-least-watched year for the awards show. Work Cancer Patients Are at High Risk of Depression and Suicide, Studies Find Two new studies of millions of people around the world suggest that doctors should be thinking more about cancer patients mental health, experts said. Work Biden administration proposes larger defense budget to counter China, Russia President Joe Biden's proposed fiscal year 2023 Pentagon budget includes $813 billion in spending for national defense, a 4% increase of $31 billion from the spending package signed into law earlier this month. Work 'Killed while in his bed': 2-year-old child among latest victims of Russian shelling Russian forces continue to pummel Kyiv suburbs with bombs in what seems to be the Kremlin's attempt to carve Ukraine down the middle, the Ukrainian military intelligence chief suggests. Work Credit Suisse faces US probe after telling investors to 'destroy documents' linked to oligarch yacht loans The House Oversight Committee launched a probe Monday into Credit Suisse, demanding documents linked to the bank's compliance with sanctions on Russian oligarchs. Work Zelensky says Moscow is 'frightened' after Kremlin bans his interview Ukrainian President Volodymyr Zelensky has accused Moscow of being "frightened" by journalists "who can tell the truth" after the Kremlin attempted to prevent Russians seeing an interview he gave about the war in Ukraine. Work What we know about the death of Foo Fighters drummer Taylor Hawkins The death of Foo Fighters drummer Taylor Hawkins shook the music world this weekend, with fans and musicians everywhere reeling from the news of his passing at age 50. TradeBriefs Publications are read by over 10,00,000 Industry Executives About Us  |  Advertise Privacy Policy  |  Unsubscribe You are receiving this mail because of your subscription with TradeBriefs. 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