That sounds like a very bad idea. Why does it need to be implemented when there are already existing mechanisms in place to hold criminals accountable for their actions?
I'd argue it's not worth trying to acquire the things boomers, and subsequently gen-xers and older millennials sought, but it's worth finding a way to secure some other kind of financial security in whatever way that's feasible.
It's not worth listening to politicians of any sort who say they'll be able to bring that down to earth in the next 5 years.