Sentence:  The cancelling of the debt would be no destruction of wealth, but a transfer of it: a wrongful <WSD>abstraction</WSD> of wealth from certain members of the community, for the profit of the government, or of the tax-payers. 
Meaning of the word marked with <WSD> tags:  The act of abstracting, separating, withdrawing, or taking away; withdrawal; the state of being taken away. (First attested around 1350 to 1470.)<ref name=SOED>(page=10)</ref>