Millionaires, Taxes and Musk's Mars Moment

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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My Tuesday morning train reads:

  • Why thousands of millionaires don’t pay federal income taxes (Washington Post); see also Searching for the Truth in Trump’s 1995 Tax Return (Bloomberg View)
  • A Dozen Things You Can Learn by Reading “The Success Equation” by Michael Mauboussin (25iq)
  • America is running out of apartments (Business Insider); see also Mortgage Rates “Near All-Time Lows” (Calculated Risk)
  • The Rise and Fall of New Funds: Investors routinely pour cash into recently launched funds. Is that a mistake? (Morningstar)
  • Elon Musk: A Million Humans Could Live on Mars By the 2060s (National Geographic); see also Musk’s Mars moment: Audacity, madness, brilliance -- or maybe all three (Ars Technica)
  • Disconfirmations, Framing & Satisficing (A Wealth of Common Sense)
  • The Failed Philosophy Behind the NJ Train Crash (Medium); see also New Jersey Train Crash Heightens Rail-Safety Concerns (Wall Street Journal)
  • In a Time of Trump, Millennial Jews Awaken to Anti-Semitism: A new generation is experiencing an age-old hatred for the first time (Politico)
  • Five Extremely Logical Theories About Hillary Clinton’s Debate Performance (New Yorker); see also Republicans Wonder If Trump Can Recover From “Worst Week” (Bloomberg)
  • Fermi Finds Record-Breaking Binary in Galaxy Next Door (NASA)

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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