Don’t doubt you at all, I actually planned my retirement according to your scenario happening; it was obvious to me that SS and medicare were going to put any tax-favored retirement accounts at risk. Starting 18 years ago with that measly $20k of savings, I built a small fortune— most of my retirement savings is now post-tax and liquid. I can move it offshore in four days if need be. Yeah, I have a 401k and an IRA as well, but now it is just one small piece of my portfolio, and I can eat the tax loss if the future looks grim and cash it out. My point is simply that THIS law of itself is actually not a bad thing; all people who invest our money should have our best interests at heart and not use our finances to rape us for profit to feed to their preferred clients— which is exactly what happens now.
The law of supply and demand encourages investment advisors to have your best interests in mind. If you do your due diligence the cream rises. More government intervention doesn’t insure that, it only reduces your choices by driving out small advisors and empowering the mega house that are insulated from those regulations.
P.S. lambs get slaughtered.