Looks like Aristocracy is currently providing 15% to wonder builds while the policy tree only says 10%. Not sure which number you're going for.
I also noticed that the +3 happiness from Aristocracy also applies to the Palace, not sure if you've considered this while looking at +2 vs +3 happiness for this one.
I also noticed that the +3 happiness from Aristocracy also applies to the Palace, not sure if you've considered this while looking at +2 vs +3 happiness for this one.