Don't forget the small/big business lobby made every effort to convince the rest of us that exploiting "loopholes" was not illegal. Now the wealthy are under fire and no doubt we will be told once again that exploiting loopholes is not illegal and the persons named did nothing wrong. Time to close the loopholes... but that is difficult as the accounting/banking /legal profession make their money advising those who can afford it. I understnd that all these professions are "self regulating" that means they have an obligation to not only serve their clients but serve the public interest. How are they doing this.. by undermining the tax system/free market to favor a few? Take away their self regulating powers and make EVERYTHING taxable except those things that are explicitly exempted... that'll fix 'em.