Not a lot of debate among scholars. There's no other evidence of the "eye of the needle" being used in a way that refers to the small doorway in a larger city gate or any of the other alternative readings. Conversely, there are sewing needles dated to that time and place that are roughly the same as modern sewing needles.
The statement is exactly as radical as it looks at first glance. Rich people can't be right with God, period. All the rest is trying to invent a loophole to let rich people be Christians after Constantine made it widespread in the Roman Empire. First century Christians were almost entirely made of the poor people of the Empire, and would have had no problem at all with the statement as read. The modern reinterpretation is often argued by the exact same people who say you're not supposed to "read between the lines" of the Bible.
Here's a Religion for Breakfast video on it: https://youtu.be/sf0Fm8aVApk
And don't get me started on Paul's "the love of money is the root of all evil". Just totally bastardized for the Prosperity Gospel.
My wife's grandfather considered himself a pacifist. He drove a tank as part of the liberation of France. He also sometimes snuck up on Nazi positions, punched their lights out, and hauled them back as prisoners.
In the years before he died, he was known to say "what do you mean don't punch Nazis? What else are they good for?"
I was honored to be a pallbearer at his funeral.
Pacifism can be flexible, which I personally think is the only way pacifism makes sense.