[vanderZwan]

> Secrecy isn't necessarily an indicator that there is law-breaking involved.

So? Abusing loopholes in the law is also by definition perfectly legal, but still dubious practice. In fact, that's exactly what this sentence from the article alludes to:

> By the same token, when Oxfam estimates that just 1 percent of the world’s population will own more than 50 percent of the world’s wealth by 2016, it’s important to realize that such a state of affairs doesn’t just happen by itself, or even through the actions of individual wealthy people. For the most part, the wealthy are busy enjoying their wealth or making more of it; keeping those personal fortunes out of the hands of governments (along with creditors, litigants, divorced spouses, and disgruntled heirs) is the job of wealth managers.

> Given the little that is known about the profession and its role in global inequality, it seemed imperative to learn more about how wealth managers pull off this sleight of hand: Without breaking any laws (for the most part), they enable their clients to sidestep many laws and policies—especially those designed to prevent the kind of neo-feudal concentrations of wealth emerging now.

You're right on all other points of course.

[Nrsolis]

I'll make you a deal: let's stop using tax policy to try and create certain social outcomes. That way, you can get rid of all of the loopholes that everyone hates.