A Classic Look at Classes: What drives Happiness?

This classic British comedy skit with John Cleese calls out the key issue 

involved in the Easterlin Paradox. In essence, does "happiness"

rise with income  or is it more a relation of relative income  - IE keeping

up with the Jones - after basic needs are met? Easterlin's analysis

showed that while reported happiness seemed to increase with per

person income within a country, in international comparisons the

reported happiness did not vary much with reported income per 

person. 

Happiness seems to depend quite heavily on "who's above and who's below".