And you're worried about paying sales tax after you extract your effectively tax free earnings from retirement account? You realize in many jurisdictions sales tax has already crept up above 10%...? What makes you think you're safe from next tax...(hey, the capital tax! Comes up every so often...remarkably similar to Ad Valorem in justification)
I'm talking about the money I have right now. It has already been taxed at 30%. Let's say I earned $50,000. It was taxed as income at 30%. That leaves $35,000 left for me to put in savings. In the future when I spend it it will be taxed at let's say 10% sales tax to be generous. That means I will have $31,500 left in purchasing power from my hard work under the present system. If this bill passes and I spend the same $35,000 I will pay what, about 25% consumption tax? That will leave me with $25,250 in purchasing power for my hard work.
Compare that with a eyebrow-studded tattooed dood who after the passage of this bill will earn for instance, the same $50,000. He will pay no income tax on the money. He will spend it and pay the same 25% consumption tax and will have $37,500 in purchasing power. It's a great deal for him. But for me I will have to pay a tax TWICE on the same money.