Originally Posted by listopencil
You are still missing a piece of the puzzle apparently. The loopholes are part of a broken system. It's a system built on higher tax rates for wealthier people. These rates skyrocket at the higher levels of wealth to the point of ridiculousness. To the point of being punitive. I don't blame the very wealthy for taking advantage of these loopholes.
Please state your position on the loophole in the OP. Do you believe it should be stopped, or not?
My understanding of your position: it should not be stopped under our current tax system, but under your preferred tax system (a FAIR tax type arrangement), it would be stopped.