[Filo]

I think though that the benefit of no income tax on your tax deferred savings and your capital gains would balance things out for most people.

I disagree. My savings are already fully taxed - the principle, not the interest.

Why should I have to pay 30% in additional taxes for the privilege of using my money?

[editor-surveyor]

"Why should I have to pay 30% in additional taxes for the privilege of using my money?"

So the class envy gang can get even!