Most investments come with risks especially investment in the share market when you are in pension phase there is no compensation for loosing money on your investments as many would be feeling now with Telstra its will be all one way and I would think that if the the changes ever become law they will be challenged .
The franking credits are earned because they were part of the investment you can choose investments with and without franking under the changes some people will be able to receive them and some will not so they are treating people differently .
Shorten and Bowen are a real pair of amateurs and there will be plenty of holes in what ever they bring in instead of going for real reform of the tax system that is needed they have gone for the low hanging fruit of class warfare.
