[Semper911]

For those who have enough savings to live off of their income, this is a windfall

Dead wrong. This is the person who stands to lose the most under the plan.

Savings have already been taxed. Now the retiree who starts to spend what he has saved will be taxed again. In a big way.

[Principled]

Savings have already been taxed. Now the retiree who starts to spend what he has saved will be taxed again.

The savings will be taxed again regardless of whether the nrst is enacted or not...because under the income tax, prices are inflated by embedded income taxes. So those who have done the right thing and saved money will be in no worse position regarding amount of tax to be paid on savings.

[George Frm Br00klyn Park]

For those who have enough savings to live off of their income, this is a windfall

Dead wrong. This is the person who stands to lose the most under the plan.
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S9, I wrote about those people who STILL have income coming in from interest on their investments. For MANY, this is into the millions of dollars. Those living off social security are among the lowest earners and as you say will be hurt the worst. My statement was NOT "dead wrong". A sales tax of any kind is designed by the wealthy FOR the wealthy. NOT for people on limited fixed income, or those who are just starting out. Peace and love, George.