Not at all, sGlob, and we've been trhough this with you before including a link to a post that shows this to be not the story at all.
Present savings will pay taxes in the form of embedded taxes when used to buy presently plus any income tax laid upon such savings by Congress in the meantime due to constant tinkering which is quite easy under the present system.
With the FairTax there is no tax on income and any saved funds can be invested and increase tax free. they are only taxed when spent for consumption of taxable items - and not everything is taxed. In addition, the effective tax rate is less - in many cases much less - than the marginal FairTax rate due to the prebate.
To me you are simply a fraud, thus no point in discussion. For this reason you are being put on my "to ignore" list. You might wish to check # 15 from Hitman, though.