Joe Dear, 60, chief investment officer of the $218 billion California Public Employees' Retirement System, said yesterday in a CNBC interview that people are "waking up" to the fact that "the game appears to be rigged."
"The financial system gets bailed out, executives' salaries stay high and the incomes of people who work for a living, paycheck to paycheck, continue to decline," he said.
Buffett, chairman of Berkshire Hathaway Inc., said in August that the nation's richest people have been "coddled long enough by a billionaire-friendly Congress" and called for higher taxes for the "mega-rich" in the U.S.
Buffett, the world's third-richest man, according to Forbes Magazine, told Charlie Rose in New York during a Sept. 30 interview on PBS that class warfare is going on, "and my class isn't just winning, I mean we're killing them."