Psychological Effects
In a study published in 2011, which included the use of data from 54 countries, the authors stated, "our results showed that progressive taxation was positively associated with the subjective well-being of nations", later adding, "we found that the association between more-progressive taxation and higher levels of subjective well-being was mediated by citizens’ satisfaction with public goods, such as education and public transportation."
Read more about this topic: Progressive Tax
Famous quotes containing the word effects:
“Trade and commerce, if they were not made of India-rubber, would never manage to bounce over the obstacles which legislators are continually putting in their way; and, if one were to judge these men wholly by the effects of their actions and not partly by their intentions, they would deserve to be classed and punished with those mischievous persons who put obstructions on the railroads.”
—Henry David Thoreau (1817–1862)