Richard Prebble: Should We Be Forced to Invest in SpaceX?

Christopher Luxon has announced that National will campaign this election to require New Zealanders to invest perhaps $12 billion a year overseas, with around $8 billion ending up on Wall Street.

That is not how he put it.

He announced that employee and employer KiwiSaver contributions will rise to 4 percent each and that KiwiSaver will be compulsory.

Yet that is the practical effect.