Name the happiest people in the world.
Name the highest taxes paid by people and corporations in the world.
Guess what? They (tend) to be the same people.
This is a simple plot (R code below) of 108 countries plotted by their “happiness quotient” in relation to their combined personal and highest corporate tax rate.
That line means that, in general, the higher the tax rate, the happier people reported to be (see cite below). This has been documented before. And a new report is due soon that will further elucidate this relationship.
The bottom line? If you take the recent US Republican tax bill that passed (Dec 2017), then what these fools have done is slid the United States BACKWARDS on that line. By reducing taxes (they say) across the board, they effectively want the Citizens of the United States to be more miserable than they are now.
lmod <- lm(happiness ~ taxrate, data = happytax) plot(happiness ~ taxrate, data = happytax, pch = 19, main = "happiness vs. taxrate", xlab = "taxrate", ylab = "happiness") abline(lmod)