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The study provides evidence that happiness is determined not only by relative income, but also by absolute income.
FORBES: Jeff Sachs and the Economics of Happiness
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Other studies confirm that people are often more concerned about their income relative to others' than about their absolute income.
ECONOMIST: Why don't rising incomes make everybody happier?
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Suppose the government enforced a policy of absolute equality of income and wealth for everyone.
FORBES: Policies Meant To Achieve Equality Are Very Unfair To The Least Equal
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As Table 2 shows very clearly, the top 0.1% and top 1% of earners (which includes all millionaires and billionaires) had major increases in their income tax payments between 2003 and 2007, both in absolute dollars as well as in their % contribution to total taxes while the 25-50% income group and the bottom 50% income group saw their share of total taxes fall and their absolute tax payments increased trivially.
FORBES: After Bush Tax Cuts, Payments By Wealthy Actually Increased
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Greater declines in real median family income in both absolute and percentage terms than in Republican states, though they fell less than in swing states.
FORBES: The Democratic Party's Secret Attack On The Middle Class
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Even large relative increases in their cash income may not be very significant in absolute terms.
ECONOMIST: Letters
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Even with compensating income transfers to poorer people, who benefit in absolute terms less than the better-off from the tax relief, the idea is politically unpalatable.
ECONOMIST: Peter Hain touched a sensitive spot
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"Starting now our absolute priority is the strengthening of internal markets, the generation of employees, self-employment and family income, " Fox told his listeners.
FORBES: Autarky Is In
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Florida and Arizona also clocked two of the 10 largest population increases in terms of absolute number of migrants, with 235, 300 people moving the Sunshine State (which also lacks an income tax) and 86, 000 moving to the Copper State.
FORBES: North Dakota Leads List Of America's Fastest-Growing States
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Thus the final score card could read as follows: higher tax rates, lower upper class income and public revenues that fall short of estimated targets, even if they do not decline in absolute amount.
FORBES: U.S. Government: Too Big To Succeed?