[Toddsterpatriot]

No tax on your pretax savings unless you spend it.

You almost had me. Yeah, except for the 30% tax on spending, the FairTax is perfect!

There is no better plan to generate real wealth,

There is no better plan to generate screw saved wealth.

[kjam22]

Seriously... you’ve never set down with excel and built a couple of models. Starting with say age 35 or 40. And looked at the tax consequences both ways. And the value you end up with both ways.

[baybabe]

As several posters have told you, it’s NOT 30% and it’s NOT taxing wealth.

That’s why you can accumulate wealth under the FairTax if you’re reasonably frugal. Under the income tax doing so is very difficult and usually amounts to jumping through all sorts of government-controlled hoops and (it the person is so disposed) shading the law by merely ignoring it until you’re caught.