expropriation
(en)
(noun) the action of the state in taking or modifying the property rights of an individual in the exercise of its sovereignty; differs from eminent domain in that it can also refer to private property taken by a private entity authorised by the government
the imposition of a negative real interest rate--effectively a wealth tax--on all forms of financial wealth expropriates the incomes of savers and might alter expectations of future effective rates of wealth taxes.
notable
7 years, 3 months ago