Worth Reading

America’s Highest Earners and Their Taxes Revealed | ProPublica

Secret IRS files reveal the top US income-earners and how their tax rates vary more than their incomes. Tech titans, hedge fund managers and heirs dominate the list, while the likes of Taylor Swift and LeBron James didn’t even make the top 400.

A day in the life of (almost) every vending machine in the world | The Guardian

Every vending machine is a battleground. Profits are ruthlessly haggled over. Competition for spots is intense. Broadly speaking, the vending game is built on deals between operators (who own machines and have the skills to install them, fix them, constantly fill them with fats and sugars) and site owners (who have the rights to advantageous pieces of land).

Why People Are Acting So Weird | The Atlantic

During the pandemic, disorderly, rude, and unhinged conduct seems to have caught on as much as bread baking and Bridgerton. Bad behavior of all kinds —everything from rudeness and carelessness to physical violence—has increased, as the journalist Matt Yglesias pointed out in a Substack essay earlier this year. Americans are driving more recklessly, crashing their cars and killing pedestrians at higher rates.

Peter Lynch made a remarkably prescient market observation in 1994 | Sam Ro

In other words, stocks go where profits go.

“That's all there is to it,” Lynch said.