Due any day are two future kings of England, and because of that colonial past, future kings of New Zealand as well. Just what is modern or post-colonial about a small Pacific democracy adopting a tiny royal baby from the other side of the world and anointing it as our head-of-state-in-waiting for sometime in the mid-21st century?
Mr Key says "it's my observation that each generation of New Zealanders is becoming more confident about asserting their Kiwi identity. That's because we're increasingly comfortable in our Kiwi skin." This from the man who resurrected royal knighthoods and dameships, and restored the right of senior lawyers to dub themselves Queen's Counsel.
Clutching on to our old colonial royal masters and their trappings because we're too scared to select a Kiwi head of state hardly seems a sign of growing confidence. Or of anyone being comfortable in their own skin. In this context, changing the flag is no more than replacing the curtains at the vice-regal palace. And bloody expensive curtains at that.
To ensure full consultation, Mr Key has decided there will be a referendum on the crucial issue, a standalone affair sometime after this year's general election.
Last September, after the Greens collected enough support to force a referendum on asset sales, Mr Key was very scathing about the cost of referendums. Calling that one a "complete and utter waste of money" he complained that if it was run in the usual way with voting stations around the country, taxpayers would be looking at a $30 million bill. The $9 million postal ballot that did take place still cost a lot of money.
But instead of taking the frugal approach this time and conducting the flag referendum in conjunction with the general election, he's taking the "complete and utter waste of money" standalone route.
First, he'll set up a steering committee of MPs, who will in turn select a group of outsiders to form their own steering committee. Then there'll be calls for submissions on flag designs. Then, it seems, we'll vote on one or more of those designs, or whether to retain the present flag.
Mr Key's already put up his hand in favour of the All Black silver fern. To me, this is such an indelible rugby brand, going back 100 years, that it seems no more appropriate as a symbol of the new multi-cultural, immigrant nation we now are than the existing flag.
If we're going to borrow a new flag, to me the obvious choice is the 1989 creation, the tino rangatiratanga flag. Winner of a contest for a new flag for northern protest group Te Kawariki, the black and red halves represent the Maori creation myth, with a central white koru representing the unfolding of new life, renewal and hope. OK, so it would be secondhand. But so was the naval ensign we borrowed in 1901 that Mr Key now wants to get rid of. And from a flag pole, the tino rangatiratanga comes alive in a way the existing ensign never has. It's special, and at the Olympics or the United Nations it would draw the eye like no other flag.
But I know that isn't going to happen. Mr Key and the majority are not comfortable enough in their Kiwi skins for that.