Yes but it is a different matter than the fact that savings will be double taxed, so I think it deserves its own bullet.
Savings are already double-and triple-taxed, since most money put into savings is after-tax income. Then, when it earns interest, it's taxed again, then again when it is withdrawn.....Under the NRST, the money put into savings has not been taxed, and it is only taxed when it is withdrawn and spent, interest included...