Thus in Hungary, it announces it is 'nationalising' the private pensions, in other words robbing the private pensions to pay its short-term debts. Ah, these Hungarians, they haven't quite shaken off the years they toiled under the socialist system, one might say. The only real difference, though, is they lack subtlety. Our government does just the same every day of the year, as do all governments. The state is an organised system of parasitic coercion.
Hat tip: LPUK blog