Give me a break. The same thing is “true” for every single dollar anybody has in his possession on January 1st of whatever year the FAIR Tax goes into effect. If I have $5, and go to the store for food, I could complain that the $5 was taxed already, and is being taxed again as I spend it.
Retirees, and everyone else, would benefit from the economic growth, greater productivity, and lower prices of everything.
I don't understand the reluctance to address this important, to many, issue. Taxation is still theft, so the FT is just another method of highway robbery.