{"id":4532,"date":"2010-03-31T13:21:03","date_gmt":"2010-03-31T18:21:03","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=4532"},"modified":"2010-03-31T14:17:34","modified_gmt":"2010-03-31T19:17:34","slug":"governor-chris-christie-nudging-new-jersey-in-the-right-direction","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/4532\/governor-chris-christie-nudging-new-jersey-in-the-right-direction\/","title":{"rendered":"Governor Chris Christie Nudging New Jersey in the Right Direction"},"content":{"rendered":"<p>In their widely read book <a href=\"http:\/\/www.amazon.com\/dp\/0300122233\/?tag=gico06-20 \" target=\"_blank\"><span style=\"text-decoration: underline;\">Nudge<\/span><\/a>, authors Cass Sunstein and Richard Thaler discuss the benefits of setting up policies in order to prod people towards making a certain decision.\u00a0 For example, instead of installing an employee retirement program that requires workers to opt-in for contributions, make it so that they must opt-out.\u00a0 Most people won\u2019t know the difference until they get ready to retire and see each paycheck\u2019s contribution matured into a nice nest egg thanks to the rule of 72.<\/p>\n<p>Perhaps the lesson is emanating from New Jersey Governor Chris Christie\u2019s new budget proposal.\u00a0 The Manhattan Institute\u2019s Josh Barro describes one of its pillars as <a href=\"http:\/\/agenda.nationalreview.com\/post\/?q=ZTM1ZmEzYzYyZjA4NmMxYTJjODk1NmY3YjQ0MzdjNGQ=  \" target=\"_blank\">capping local property taxes<\/a>, but allowing local citizens to override the cap through targeted referendums.\u00a0 Basically, if local officials can make a case for why they need more money, the people can give it to them.\u00a0 The default option, though, is a hard cap.\u00a0 Measures like Christie\u2019s get the flow of political power right because it ensures We the People get the first and final say on tax rates.\u00a0\u00a0 If this is nudging, let\u2019s push for more of it!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In their widely read book Nudge, authors Cass Sunstein and Richard Thaler discuss the benefits of setting up policies in order to prod people towards making a certain decision.\u00a0 For example, instead of installing an employee retirement program that requires workers to opt-in for contributions, make it so that they must opt-out.\u00a0 Most people won\u2019t [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1034,1032,410,1033,71],"class_list":["post-4532","post","type-post","status-publish","format-standard","hentry","category-posts","tag-chris-christie","tag-josh-barro","tag-new-jersey","tag-nudge","tag-taxes"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=4532"}],"version-history":[{"count":6,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4532\/revisions"}],"predecessor-version":[{"id":4544,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/4532\/revisions\/4544"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=4532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=4532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=4532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}