How will this impact retirement plans? Unless I'm reading it wrong, the premise is that deferring taxation allows for wealth to grow "unfairly" and that the an

How will this impact retirement plans? Unless I'm reading it wrong, the premise is that deferring taxation allows for wealth to grow "unfairly" and that the annual growth should be taxed annually. Wouldn't this decimate retirement funds, increasing the risk of investing in stocks and put even more pressure on Americans who already likely to outlive their retirement savings? I know it talks about only taxing the 0.1% but that doesn't appear sound to me. I'm skeptical. I'd feel better if the proponents of this actually addressed the benefits of a lower capital gains tax and how their plan would maintain these benefits.