Why?

Because it's a big pool of cash just sitting there — and when the parasite class sees money within their reach, they simply can't help themselves.

Perhaps most importantly, governments have control over most pension funds in the world.

Sure, most people think it's their money sitting in the pension plan, but when you look at the fine print there's a lot that you as an investor can't do with 'your money'.

First up. The "lucky country," Australia.

"The Albanese government will tap private investors and Australia's $4.5 trillion superannuation sector to push more defence spending off budget, prompting analysts to accuse Labor of using accounting tricks to help fund a $53 billion military build-up."

Next up for a shafting are the Brits.

"Labour's 'feckless and dangerous' pension reforms backed by MPs despite 'socialists run out of money' fears."

Here's the breakdown of what these parasites are looking to do.

IHT on pension pots (from 2027). Defined contribution pensions will be pulled into the estate for inheritance tax purposes. Previously exempt. Effective 40% tax on anything passed to heirs above the nil-rate band. Kills the pension-as-wealth-transfer strategy entirely.
"Productive finance" mandates. Pension funds — particularly local government schemes — are being pressured and directed to invest in UK infrastructure, housing, and 'growth assets'. Classic regulatory capture: your retirement savings redirected to fund government priorities, not yours.
DB scheme surplus extraction. Defined benefit schemes sitting on surpluses — built up by employers overpaying — are being eyed for redistribution. Proposals to let companies extract surpluses more easily, taxing them en route. Members take the risk; someone else gets the upside.
Consolidation/megafund push. Forcing smaller pension schemes to merge into large 'megafunds' under government-friendly management — fewer decision makers, easier to lean on, easier to redirect capital flows.
Bottom line: a sovereign wealth fund built by stealth, taken from private savings by conscripted allocations into "public priorities," with IHT as the kicker to ensure anything left behind gets clipped on the way out too.

And if you're American and think you're going to be immune… well…

"Former Treasury Secretary Henry Paulson called on US authorities to prepare a back-up plan in order to avert a potential collapse in demand for Treasuries."

It's the same playbook, folks. Nothing new under the sun. Here are notable historical examples of governments raiding or coercing pension assets…