Taxing the Rich and Firing the Boss

(Bloomberg View) -- My Tuesday morning train reads:

• Why the Industrial Revolution didn't happen in China (Wonkblog)
• Is your mutual fund hiding in the closet? There's no point in hiring an active manager unless they're truly active (MoneyBeat); see also Shift from active to passive investing isn't what it seems (Bloomberg View)
• Investing's crowded conscience (Bloomberg Gadfly)
• Even math teachers are at a loss to understand annuities (New York Times); see also An annuity for the teacher -- and the broker (New York Times)
• Taxing the rich: New IRS statistics show a concentration of U.S. income among a few households (Real Time Economics)
• Why CEOs are getting fired more: Companies treat -- and pay -- top executives as if they were all-powerful. So when things go bad, the boss is shown the door. (New Yorker); see also We're paying CEOs all wrong (Bloomberg)
• IBM's Watson is everywhere lately -- but what is it? (MIT Technology Review)
• Sober thoughts on Apple's new Touch Bar for MacBook Pro (Fast Company); see also Why Apple's MacBook Touch Bar was the right thing to do (TechCrunch)
• Is media bias really rampant? Ask the man who studies it for a living (Poynter)
• Why are utilities spending $22 million to “protect” your right to solar? (Miami Herald); see also Measure in Florida that claims to back solar power may discourage it (New York Times)

What are you reading?

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This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.

To contact the author of this story: Barry Ritholtz at britholtz3@bloomberg.net.

To contact the editor responsible for this story: Brooke Sample at bsample1@bloomberg.net.