Government seizing retirement assets. Machiavelli says this is a big mistake.

The Christian Science Monitor reports that European nations begin seizing private pensions:

People’s retirement savings are a convenient source of revenue for governments that don’t want to reduce spending or make privatizations. As most pension schemes in Europe are organised by the state, European ministers of finance have a facilitated access to the savings accumulated there, and it is only logical that they try to get a hold of this money for their own ends. In recent weeks I have noted five such attempts: Three situations concern private personal savings; two others refer to national funds.

The five countries involved are Hungary, Bulgaria, Poland, Ireland, and France. Apparently, the leaders of these countries forgot to read their Machiavelli. In The Prince, the great political thinker wrote:

But above all a prince must abstain from the property of others; because men sooner forget the death of their father than the loss of their patrimony.

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2 responses to “Government seizing retirement assets. Machiavelli says this is a big mistake.

  1. The leaders are loosing the history lessons too. When Louis XVI started overtaxing and over-borrowing he ended up at the feet of the revolution. Nobody should be allowed to play with other people’s funds!

    • About Tiberius (the Emperor of Rome): “To the governors who recommended burdensome taxes for his provinces, he wrote in answer that it was the part of a good shepherd to shear his flock, not skin it.” [Suetonius, The Lives of the Twelve Caesars Tiberius 32.2.]

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