[ReignOfError]

The article raises a valid point, and nut just about retirees — anyone who has after-tax savings will pay tax on that money again when they spend it. It’s a drawback for the Fair Tax, no doubt; but you can’t have a major change, even a change for the better, without a transition.

This is the biggest negative for the Fair Tax. I’m not as starry-eyed as some Fair Tax proponents, but I still think the positives outweigh the negatives.

[xcamel]

“Any asset held by a retiree that is to be liquidated for income in retirement will be subject to an additional 30% tax” —

[Turbo Pig]

anyone who has after-tax savings will pay tax on that money again when they spend it....even a change for the better, without a transition....This is the biggest negative for the Fair Tax.

Doesn't this problem go away, as people grow old and pass on? Eventually, there would be no one alive who paid in under the current tax scheme, and the problem dis appears, right?