As it is now I am penalized for creating the income that creates wealth and I am penalized for creating wealth from the remainder of that income that I have not spent. Even if I utilize the government's frickin' benevolence at letting me put only a statutory amount of money away tax deferred I still must pay taxes on it when I take it out. And don't give me that "your taxes will be lower when you retire" nonsense. If I am successful in creating wealth I should have a lot of income when I retire.But the wealth is worth less because you will be taxed when you spend it. You will get a higher real return under a consumption tax (any consumption tax including a flat tax), but it's not as great as you think.
Think about what you are saying. You are making the assumption that every dollar has an albatross of a 30% sales tax attached to it. I disagree. The only dollars that have such are those that are spent. The vast majority of wealth is not spent at the retail level. It is reinvested, saved, passed on to the next generation. Under the NRST it will be truly be passed on to the next generation.