It sounds fairly simple. If you have a lot of money at retirement, should you be able to collect Social Security payments? Some will say that the program was designed as a safety net for the poor and middle class and not to enhance an already comfortable lifestyle. But take two individuals into consideration. Bob saves, invests wisely and puts off luxuries and lavish vacations. He buys modest used cars, works overtime and does not gamble, smoke or otherwise waste money. He manages to accumulate 2 million dollars by age 65. "A secure and comfortable retirement is most important" is what he lives by. Ted, on the other hand, lives for the day, leases luxury cars, works as little as possible, enjoys frequent lavish vacations, buys more house than he needs and finds investing boring. "You only live once" is his credo. At age 65, he has little or no savings to fall back on. Is there a moral hazard in denying the saver and rewarding the spender?