[GregoryFul]

All of these plans would lose their future tax liability.

Not true - these assets would be taxed at the Fair Tax rate when consumed by the retirees, a rate that would probably be more than the retirement income tax rate.

[groanup]

Your premise was the plan is a scheme to tax retirement assets. Waving all future liability on tax deferred assets is not a very good way to tap into retirment assets, is it?