12 Jan An argument against happiness!
In debates about income inequality, this dilemma often arises: Should we divide the GDP pie more equally among society even if that means making the pie smaller? This question is complicated by another observation, that increased income doesn”t seem to make individuals any happier in the long run (when, as Keynes noted, we”re all dead). If more won”t make you happier, then what difference does it make how national wealth is divided? And if growth is all-important, how do we square increasing returns to scale with a meritocratic ideal, which holds that earnings are actuallly earned? Those who question growth’s correlation to happiness often seem to demand more equitable distribution of income, and those who say unfair distributions of income don”t matter often seem to argue that personal prosperity is significant and shouldn”t be neglected.
I’m not sure I fully follow or fully agree with the argument here but in the context of this happiness blog I still think it’s worth referring to.