Tuesday, October 23, 2007


Arthur C. Brooks wrote about "Happiness and Inequality ... Americans are pretty darn equal on the important things" in yesterday's WSJ. Brooks' survey results show that the happiness Gini is much lower than the income Gini.

So all of those who worry over money inequality can relax because (i) money does not buy happiness (so stop fussing over money); and (ii) money inequality is made irrlevant because of happiness equality.

What's a redistributionist to do? Those on the left love the money-does-not-buy-happiness research (all you strivers are making a horrible mistake; capitalism that rewards striving is a big mistake, etc.) but they also love redistribution. Brooks' report must be the last straw. Soaking the the rich would just put them out of their misery. Unfair, indeed.