It IS happening here. If your bank account doesn't show enough activity to suit some bureaucrat, the state will seize it. If the city or county thinks that your house or business doesn't generate enough tax revenue, it's likely to seize it and give it to some politician's cousin. If you fit the profile of a drug courier (that is, if you have 23 pairs of chromosomes, more or less), cops can seize your car, your cash, even your bow tie if they take a fancy to it. The only difference between Cyprus and the United States is scale.