Originally Posted by La literatura
I never compared an IRA to a consumption tax. I only said that it's possible (very possible, in fact) to save enough to build a nice little nest egg, even with an income tax. This was my response to a comment which I took to basically say, "We would be able to save a nice little nest egg if we didn't have an income tax, but rather had a consumption tax."
Imagine if you paid no tax on money that you saved, though.