Yes, I agree. I would likely be among those getting hit hard through a means-tested approach. I've worked and saved; I've sacrificed because I've chosen to put money away for retirement rather than blow it on frivolous luxuries. It would not be an easy pill to swallow, and I hope whatever plan is devised, those that squandered their resources will be penalized.
I hope whatever plan is devised, those that squandered their resources will be penalized.