- Apr 28, 2015
- Reaction score
- Third Coast
- Political Leaning
The U.S. has already seized million of dollars in assets from wealthy Russians with close ties to Putin.
The White House unveiled a proposed legislative package on Thursday that would allow the federal government to sell assets seized from Russian oligarchs over the Kremlin's invasion of Ukraine and use the proceeds for military and humanitarian aid to Ukraine.
It includes provisions that would streamline the process for seizing oligarchs' assets, expand the assets subject to seizure and clamp down on certain sanction evasion loopholes.
"The road to hell is paved with good intentions"
I get extremely concerned whenever our government decides to seize private assets, in the name of 'good intentions'. I think all of us should!
So, what about this specific situation? On the surface, it seems like a good cause. But, so do many others; and we've seen how that goes!
In all fairness, I think a legislative bill specific to this particular incidence might be appropriate. But I would not sign-off on a general bill, open to future application in other instances. That's too slippery of a slope - for me!