LOL. So you're telling me that if the trillions of dollars now tied up in qualified plans becomes non-taxable it wouldn't be a boon to retirees. Now that's logical. ???
It would be taxable under the FairTax...when they spend it.
What's the difference between taxing previously untaxed money when someone takes it out of savings and when they spend it? Answer: none. They are both taxing consumption. You want to tax them at a higher rate.
In a revenue neutral tax reform there has to be some winners and some losers. With the FairTax the losers are the middle class and the elderly.