"This is going to look like a "double tax" scam to a hell of a lot of people."
Only the uninformed.
"If someone wants to sell real estate or stock investments purchased and paid for with money that was already taxed, so they can spend the money, who is going to tell them they can not?"
This sentence makes no sense. Please clarify what you are trying to say.
Yeah right, it's already a given that previously taxed savings will be taxed again when spent.