I have been a subscriber to the WSJ for more than 40+ years. This is by far the most stupid editorial I have ever read in what purports to be a business newspaper.
In the comments section, this is very succinct:
"This is a terrible idea and very short sided. If we steal their money, we will further speed up the decline of King Dollar being the worlds global reserve currency. The only reason we are able to spend $2 Trillion in deficits per year is because of the Global Reserve status. This is the worst possible idea since long term it will hurt us much more than the short term gain of continued Ukraine Proxy war funding."
I cannot think of a better way to destroy the dollar.