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Would You Rather…

Economics · December 12, 2012

Would you rather have to whisper everything you say or always be screaming?

Would you rather have a boss you love at a job you hate or a boss you hate at a job you love? 

Would you rather have your grandma’s hair cut or her first name?

These are 3 of my favorite “would you rather” scenarios. Each combines a difficult decision with a bit of humor.

Good News, Bad News

While we’ll (realistically) never have to go by Gertrude or inherit Gertrude’s snow-colored bob, we may have another hairy dilemma that needs deciding…

The Fiscal Cliff

You all should already know that I think the Fiscal Cliff is a solution, not a problem. But, hypothetically, let’s say it is a problem (a huge problem). What should we do?

Well, we can listen to Democratic leaders and increase taxes on the top 2% -and/or- we can reduce government spending.

When I turn on the TV or open the newspaper, most of the conversation is surrounding the tax increases rather than the entitlement reform. I’m not trying to rant, though…simply making an observation.

Two Small Problems

1. There aren’t enough wealthy people

Even if we tax 100% of their income, it wouldn’t be enough.

2. Wealthy people are smart

There’s a reason why wealthy people are wealthy: they tend to make good decisions. There are numerous ways to create, transfer, or inherit wealth in a tax-free manner.

Therefore, we’re faced with…

The Ultimate Would You Rather

Would you rather have your income cut 10% while prices stay the same

-or-

have prices increase 10% while your income stays the same?

This may seem like a strange question (to some), but (to me) it is the most likely scenario we face.

In my eyes, the government can:

  • Default on it’s debts

If this occurs, who doesn’t get paid? Government employees. China.

  • Reduce spending

Your grandma’s Social Security is slashed. Unemployment benefits are reduced.

  • Increase taxes

What if everyone paid more taxes? What a crazy thought!

  • Devalue the dollar
If anyone benefits from inflation, it’s someone bogged down with debt. It becomes easier to pay.

Seriously, though…

Would you rather have your income reduced 10%

-or-

have prices go up 10%?

Let me know your thoughts.

Filed Under: Economics Tagged With: economics, the fiscal cliff

A Blinkin

Hunter, aka A. Blinkin, is the blogger behind Funancials. His experience in banking, lending, payments and investments has earned him the title of "Personal Finance Guru." In addition to helping people with their finances, Hunter enjoys crunchy tacos, open mouth kisses from his 2 baby boys and writing in third person.

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I'm a big believer in transparency. As such, you should know that I make money from this blog. Weird, I know. The way I make money is simple: I occasionally link to products and companies that I believe provide tremendous value. If you choose to sign up, I may receive a small payout. This payout comes at no additional cost to you and, trust me, it's small. I'm in no position to quit my day job. Please do not spend any money on these products unless you feel you need them or that they will help you achieve your goals.

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  1. Your Personal Finance Pro - Personal Financial Advice for Young Professionals says:
    December 30, 2012 at 7:51 pm

    […] Blinkin @ Funancials writes Would You Rather… – Would you rather have to whisper everything you say or always be screaming? Would you […]

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  2. Carnival of Money Pros says:
    January 1, 2013 at 10:14 pm

    […] Blinkin @ Funancials writes Would You Rather… – Would you rather have to whisper everything you say or always be screaming? Would you […]

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Hunter, aka A. Blinkin, is the blogger behind Funancials. His experience in banking, lending, payments and investments has earned him the title of "Personal Finance Guru." In addition to helping people with their finances, Hunter enjoys crunchy tacos, open mouth kisses from his 2 baby boys and writing in third person. Read More…

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