I will take up arms on this one. November csn’t come soon enough.
I have no doubt that the government is going to try to close down any tax deferred mechanisms they can. They need the cash. Relatively few people save for retirement anyway and fewer in amounts to actually support themselves so this will not have much in repercussions. Eventually, those that are savers will do so in a non-tax deferred status where they have full control and to do otherwise opens one up to the risk of government abuse.
Even this liberal Supreme Court would rule this unconstitutional. If enacted, it would spell the end of the mutual fund industry and cost hundreds of thousands jobs.