Amid a multimillion-dollar lobbying and campaign-finance blitz by major financial asset managers, President Donald Trump has introduced a new plan pushing Americans to invest their retirement dollars in Wall Street. Instead of shoring up the social safety net, financial experts warn that the White House is trying to privatize it — potentially at the expense of the country’s most vulnerable, who are increasingly exposed as the Trump administration takes a sledgehammer to other federal benefits.

And Charles Schwab, a GOP megadonor and founder of the brokerage firm of the same name, is now asking Congress to automatically enroll workers in this “generational boost to U.S. savings.”

One silver lining is that the exorbitant fees charged by rapacious private equity firms appear to have disqualified them from the plan.