Well this clarifies things:

If you talk to Warren [Buffet], he’ll tell you his preference is not to meddle
in the economy at all — let the market work, however way it’s going to work, and then just tax the heck out of people at the end and just redistribute
,” Obama said. “That way you’re not impeding efficiency, and you’re
achieving equity on the back end.” He continued by saying that he thought there
was some merit in Buffett’s argument.