Capitalism works because there is an elected authority, the U.S. Governement, that guarantees its citizens their right to own property. Property is one of the fundamental pillars of Western society. Under certain formal processes, property can be taken away (without the consent of the owner). The motivation behind such drastic actions is to balance out economic interests of the involved parties, e.g. in lien those of debtor vs creditor. Or when the government needs to build a road and a land owner is unwillig to sell, there must be a fair process, which must balance the need of the public as well.

So, now, asset forfeiture can be a useful tool to undermine criminal activity (or any activity really) of a specific person. But this must happen in a fair trial (unless danger is imminent, under which one can argue in favor of indemnity). In this case there hasn't even been a charge brought forward. This alone is executive abuse of power, because a independent judicial system must only be allowed to take such actions.

Moreover, this will hit economically weak peak people hardest. Which further increases crime. It's a vicious circle.