I think any country that confiscates the property of its citizens without due process is undervaluing its citizens. This may be a great way to generate some additional revenue but at the cost of those individual that are actually capable of work and improving the status of the country. As the problem worsens, this causes higher iq and productive people to move away from the country. This leads to a lowering of the overall iq of the country and inevitably to the decline of the country and states.