I don't think this is an issue of "paranoia". In my analysis, it's an issue of risk, mitigation and cost.
For example, if you're a poor (oh, god, I said the P word ) person who only has, say, BTC50 in your computer, a paper wallet is a non-issue. Sure, it might be the case that someone phishing or stealing your computer will get away with money you might even need to make dinner next week, but it's not that you're losing a life-changing amount of money.
Conversely, if you're the owner of, say, BTC50.000 and looking to stash 95% of that in non-current, cold storage, printing a paper wallet and taking measures to prevent other people from getting their paws on it, makes perfect sense. In that scenario, it pays to be aware of how technology can be used to betray the user.
And, in that scenario, it would be a real shame if you were to, say, in the future, dump your laser printer to the trash, only to discover years after the fact that people "in-the-know" cracked open the printer, retrieved the spooled printouts in it, and wiped your nest egg. And you're ultra fucked. Or someone breaks into your house, and can't find your paper wallet because you have it on a safe deposit box, and you feel a false sense of security... but you discover that the thief has smashed your home office printer open. And one week after the fact, ta-daaaa, your paper wallet is worth $0. And you're ultra fucked.
Now, I concede this might be a hard scenario for you to imagine. If that's the case, I suggest you start working hard towards BTC50.000 so that this scenario begins to make more sense. And you'll be filthy rich.
Thus: If you're going to do the paper wallet thing, don't be a cheapskate, buy a goddamn BTC3 inkjet printer, it's worth your while. Also, if you're engaging in illegal activities, don't print anything, especially not on a laser printer. And let's not discredit, minimize or dismiss certain use cases, just because you feel it couldn't apply to you. The forum is for other people too, you know?