One of those loopholes that small mid to low income citizens can do is by majority elected revolutions and majority voted wealth reallocation. Should we scorn them for doing that, and on what moral principle is that different from a company exploiting loopholes or using political lobbying to disregard majority opinion in order to create laws with loopholes in them.

Scorn or moral objections is not the same as legal. If 51% voted to take the land and property of the 1%, then that is a democratic decision and the publicly published law. It would also be overwhelming scorned by those effected. Should we just tell them that they too would redistribute the wealth if they could and its stupid for anyone to not take wealth if they could.