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The life and career of Bernard Arnault, the luxury goods mogul who owns brands like Louis Vuitton - and whose wealth is surpassed only by Jeff Bezos and Elon Musk

The life and career of Bernard Arnault, the luxury goods mogul who owns brands like Louis Vuitton - and whose wealth is surpassed only by Jeff Bezos and Elon Musk
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

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Elizabeth Warren's wealth tax would have raised $114 billion in 2020


Graeme Jennings-Pool/Getty Images
Several Democrats just proposed a wealth tax that would apply to 0.05% of American households.
An analysis finds billionaires would have paid $114 billion in 2020 if the plan was in effect.
A wealth tax has been a popular proposal for addressing inequality but would face implementation issues.
The newly proposed Ultra-Millionaire Tax Act would have raised $114 billion from American billionaires in 2020 if it had been in effect.
This projection comes from an analysis from Americans for Tax Fairness (ATF) and the Institute for Policy Studies (IPS). Looking at Forbes billionaire data, the analysis found that the wealth tax would raise $1.4 trillion over 10 years and that billionaire wealth still would increase under the proposal.  ....

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The 10 tech stories that defined 2020, and will shape 2021 and beyond


2020 is almost over (finally). 
But before we close the book on this difficult and eventful year, it s worth reviewing some of the big developments in tech that defined 2020 and will shape the months and years to come.
Readers of the Insider Tech newsletter have followed all the industry s twists and turns in this weekly report (subscribe here to get Insider Tech in your inbox every Wednesday). Highlighted below, in this special edition of this newsletter, are some of the top stories reported by Business Insider s crew of intrepid journalists this past year.
Note: Insider Tech will be back to its regular schedule on Wednesday, January 6. Happy New Year! ....

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