Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck

• Warren Buffett met with Barack Obama years before he became President.
• The billionaire said the rich should pay more tax, and flagged wealth inequality as a big problem.
• Buffett attributed a chunk of his success to luck and defended inheritance taxes.

Warren Buffett called for higher taxes on the rich, bemoaned wealth inequality, and credited a big part of his success to luck in a conversation with Barack Obama long before he became president.