He's right that the system isn't fair, but not because the top 1% pay too little.
German workers are pushing for higher pay too, after a long period of wage restraint.
Of course, the larger problem is that people pay too little attention to saving and retirement altogether.
The history of the stock market is not kind to investors who pay too much for growth stocks.
People every day feel safer and more secure if they do not have to pay too high prices.
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But, Buffett added, people pay too much attention to markets reaching new highs.
Risk has a price, and you should never pay too much for it.
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They actually pay too much for riskier stocks, perhaps because they view them as lottery tickets instead of securities.
They feared having to pay too much to recruit the people they needed.
The second risk is that the central bankers pay too much attention to potential weakness while underestimating the dangers from inflation.
Another worry is that predators will pay too much for their prey.
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Germany, which this week was warned of a possible debt downgrade, is fearful that it is already being asked to pay too much.
Urban motorists, particularly company-car drivers commuting to work in busy city centres, pay too little, relative to the burden they place on crowded roads.
And so we were having to pay too much for money.
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Brazilians pay too much tax (32% of national income goes to the government, which spends an even larger slice) and too often get poor services in return.
And they argue that simplistic comparisons with other electricity sources are unfair: fossil-fuel plants pay too little for their planet-warming carbon emissions, while renewables benefit from generous subsidies.
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Unfortunately, since Ronald Reagan's day, American governments have tended to pay too little attention to sovereignty-sapping treaties and institutional power-grabs by the United Nations and other multilateral organizations.
"All retailers pay too much, but small retailers pay much too much, " says Mallory Duncan, senior vice president and general counsel for the National Retail Federation in Washington, D.
And Mr Kahneman cites studies that show how overoptimistic chief executives (as measured by the amount of stock they own) were more likely to gear up their balance-sheets and pay too much for acquisitions.
In addition, the standard disclosures also include references to various financial ratios that work to eliminate companies that might generate too much interest income on its cash reserves or pay too much interest on its debt.
Jeffrey Immelt, chief executive of General Electric, also joined the call to restrict the use of consultants, suggesting that they may push top bosses' pay too far out of kilter compared with that of their deputies, which might breed discontent.
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The other CEO and ex-CEO directors will be soundly in favor of giant pay because they too want giant pay and every overpaid CEO is a great comparable for the consultants to continue perpetrating this pernicious cycle.
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