Would You Rather…

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

Seriously, though…

Would you rather have your income reduced 10%

-or-

have prices go up 10%?

Let me know your thoughts.

Tagged as: economics, the fiscal cliff