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."
No, as I've already pointed out once before, you said we can "do all of that". The fact is that we can't do all of that. We can only do some of that. You were wrong.