David Shearer’s private member’s Bill on foreign investment is pure common sense: unless foreign ownership actually adds something substantial to the economy that cannot be supplied by local owners then all foreign investment brings is higher land prices, locking out Kiwis from ownership. Overseas buyers must bring something real to the table.
A good first policy. Now, it’s down to the luck of the ballot.
Oh and, by the way, if this Bill does get drawn then the vote will come down to Peter Dunne, again. That hairpiece is going to have the final say on any legislation where the Maori Party votes with the Opposition. Bet Labour’s wishing they had put more effort into winning Ohariu now.
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