Does higher tax rates make happy people?

  1. Matthew RN profile image81
    Matthew RNposted 2 years ago

    Does higher tax rates make happy people?

    Most of the happiest countries have some of the highest tax rates in the world, almost half of earnings are going to the government.  So by having a high tax rate, are  people  happier ?

  2. dashingscorpio profile image87
    dashingscorpioposted 2 years ago

    https://usercontent1.hubstatic.com/12686710_f260.jpg

    I don't think it's the higher tax rates that make the happier but rather the services the government provides them with as opposed to our motto: "Eat what (you) kill."
    We have a stigma against those getting any government help.
    In other countries this may include "free medical" for all or super discounted medications, "free college", "free job training", "subsidized housing for the poor". These governments are likely to have price controls discouraging price gouging.
    Maybe it's a case of when the people at the bottom are "pacified" the overall national attitude for those countries is positive.
    However it should be noted that while the average income tax rate in Switzerland is 40% the (corporate tax is 17.9%) compared to the U.S. corporate tax of 39%
    There are no "class wars" or talk about how much the top 1% paid in taxes percentage wise compared to the middleclass, no "Occupy Wall Street" protesters, and less violent crime!
    The OECD Better Life Index 2014 identified 11 dimensions as being essential to wellbeing, from health and education to local environment, personal security and overall satisfaction with life, as well as more traditional measures such as income.
    The top 5 countries were: Switzerland,  Norway, Canada,  Denmark, and Austria. Ironically they had Mexico listed as #9. You would think it that were the case there would be far less illegal immigration from Mexico to the U.S. which was ranked at #18!
    There is a website called Ranking America that list us as follows:
    1st in the super rich, 1st in prisoners, 1st in plastic surgeons, 3rd in global competitiveness, 14th in education, 22nd in gender equality, 44th in health care efficiency, 66th in religious diversity, and according to the World Health Organization  the U.S. ranks #34 in life expectancy tied with countries like Costa Rica, Cuba, and Columbia.

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