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The Australian - Business with the Wall Street Journal:
forget what gurus say: money does buy happiness

16 May 2013

Despite economic growth, happiness in the West has not grown in the last 50 years, British happiness guru Richard Layard said a decade ago. This argument is useful for proponents of highly progressive income tax: a flat rate of income tax, while simple and likely to promote more rapid economic growth, is not fair because high earners don't "need" their incomes as much as others.

This article was printed in The Australian on May 16, 2013
Link to article here

Related links
Richard Layard webpage
Wellbeing Programme webpage
Happiness and Public Policy Research webpage

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