There are a number of huge problems with this argument, but the most important problems are the common ones: 1. There's just so much waste! The byline reads:

There are a number of huge problems with this argument, but the most important problems are the common ones: 1. There's just so much waste! The byline reads: "Before you ask for more tax money from me, raise the $2.2 trillion you already collect each year more fairly and spend it more wisely." This is then supported by a few examples which don't address any of the big entitlement programs necessary for nontrivial tax-reform. 2. I pay such a large percent of the taxes! He draws authority from the fact that "Today, top earners—the 250,000 people who earn $1 million or more—pay 20% of all income taxes, and the 3% who earn more than $200,000 pay almost half. Almost half of all filers pay no income taxes at all. Clearly they earn less and should pay less. But they should pay something and have a stake in our government spending their money too." This is clearly a less meaningful statistic than percentage of income paid, which was the crux of Buffett's argument. If I posses say, 90% of the assets in some country X, certainly it doesn't make sense for me to yell, 'hey, I pay like, 60% of the taxes in this place, and all of you Xonian slackers in the bottom 5% are skating by on a free ride.' It particularly doesn't make sense if, as he proposes, there is no tax on gifting money to your (grand)children, and so perhaps I just inherited the wealth.