The US has frozen national assets before, most notable Iran but the big difference this time is that the US is now openly considering confiscating those assets

The US has frozen national assets before, most notable Iran but the big difference this time is that the US is now openly considering confiscating those assets and giving them to another country just because it has the ability to do so. Even Iran, who for decades was considered part of the "Axis of Evil" had its frozen assets kept in reserve until they were eventually given back. It really feels like the powers that be are now people who have no consideration for anything they can't see past the horizon and have unwavering faith that "it'll all just work out in the end somehow". They're becoming reckless on so many levels and unfortunately the public, or at least the loudest voices, are happy to cheer them on. Even if the US ultimately doesn't turn over Russian assets to Ukraine, just making the threat to do so is globally destructive to faith in the current system that greatly benefits the United States.