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Tax the Rich, Make the World Happier, Says Study

Tax the Rich, Make the World Happier, Says Study Republican presidential candidates are fighting it out to get the nomination to face the incumbent president, Obama in the 2012 polls. Some of the policies they are pegging towards their nomination are their zeal to have the taxes for the wealthy cut, but doing so might plunge the country into deeper national misery. This is according to a study report to be published in the upcoming issue of Psychological Science.

According to the study, countries with more progressive tax policies, which highly tax the rich than the poor, are said to have happier citizens than those with a flatter tax rates. The difference in their satisfaction with the nation's public services might be the reason for the varied happiness levels, says the study. Public transportation, housing, schools and other public services offered in the countries in progressive taxes seem to please the citizens than the same services offered in countries with flatter tax rates....

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