Buffett said today at Fortune's Most Powerful Women Summit in Washington that the nation's tax code "has gotten distorted to a huge extent," by levying higher taxes on secretaries and janitors than on CEOs and private equity whiners. "We are not taking in enough money at the federal government level," he said. He said tax collections will have to rise back into the 18-20% range from below 15% lately. But Buffett also added a new twist in an interview after his appearance with CNNMoney.com's Poppy Harlow: He said it's time to cut taxes on those outside the top tax brackets. "We're going to need to get more money," said Buffett. "Why not get it from me instead of the guys who will serve us lunch?" [Fortune]
"Warren Buffett’s bodyguard punched me in the head, and it hurt"
Thinking about getting pawsy with Warren Buffett? Here's a delightful first-person account of what might be in store for you. The bodyguard, Dan Clark, didn’t mean for it to hurt, he was just demonstrating a fighting move called the brachial stun. That’s a strike to the side of the neck using a chopping motion with the hands — but when Clark hit me with it in a slow speed demonstration, the sudden burst of force whipped my whole head to the right, crashing my teeth together so hard that I thought I would lose a filling. That’s what Dan Clark is like — even his demonstrations are intense. He’s the kind of guy who throws around phrases like the “muay Thai clench with a double knee strike,” and who, when he emails you to invite you to his training session, reminds you politely to bring a cup. All of it — the gym, the training, and especially the punch — combine to send a clear message: Don’t mess with Buffett, or any of Clark’s other clients. And that’s kind of the point. Billionaire Security: Behind the Scenes with Warren Buffett’s Bodyguard [CNBC]