if you can't catch it live. we will see you tomorrow. ♪ ♪ >> some of our guys have never made it back and their souls are still there. and we have the audacity to turn our back on them? >> what kind of reaction do you get? >> i'm really kind of blown away that people are angry at me because i'm just trying to tell you that democracy cannot man army and you cannot man army if you lie to those that want to protect you. neil: no one has generated as much e-mail and as much reaction were prompted as much of a

response in general is montel williams did with me on fox news. because ever since hell has busted loose. welcome, everyone, is it a coincidence that since montel williams was with me railing at politicians on both sides were ignoring our veterans that republicans and democrats have now been calling for the va head, even though as montel has said, that wouldn't solve anything? well, that tells you how big of a deal this scandal is. and let's just say it created a tidal wave of tweets. thank you for speaking up for those who gave their all. and the president want to take a lesson from montel. expressing true outrage takes your service. a lot of you didn't know that he spent 20 years or more in the service, decorated hero in his own right. and some say thank you for being

a patriot so my kids didn't have to. our vets deserve better. not to the former speaker of the house on the one scandal that is triggering bipartisan rage. speaker, it's always good to have you and i think that that resonated with a lot of folks. now they are calling for the va head, as montel is saying, that may not be enough and we have to look at a surgeon help for veterans so what you say? >> you know, back in the day when i was there it was about 300% and that's what we had people coming back from both iraq and afghanistan. but the real issue is economics and this is probably what is going to happen with obamacare as well. if you have a limited number of bureaucrats running our government agents these weather for veterans or for others, the issue here is to have a limited

number of doctors and resources and you have an increase in demand of 200%. so what happens is people go into lines, they wait to get their care and we saw this happening in england and canada, with an so as long as you don't fix the resource problem, you're going to have this problem over and over. >> part of the resource problem fix is to throw more money at it. and as you said, it points out a great deal of money and maybe it's time to privatize it, it's a bad word to a lot of democrats and all, but maybe just in the va as we know it because they're not doing their job. when you have to wait months and in some cases years for routine treatment and a lot of people are dying as a result, it's long past its point of usability.

>> we need to go back. i don't care what you call it, there are people who are willing to give good services to people for less money than what the government is doing, and we've done that with medicare when we reformed medicare, we can do it in health care, people have these choices. good health care is between a doctor and a patient and you don't have to have all the bureaucracy to make it work. neil: a number of republicans and now a number of democrats, many of them are saying that eric shinseki has to go in at the very least he's been there since the beginning so what do you think of that? >> everyone is pointing fingers. so they can blame somebody and go on as business as usual. need to change the system and how you deliver health care to people. people need to have choices and they need to make their choices

and they need to have things that are a good idea, vouchers, so that people have something of value and you can fix the system. but it's not going the way that the obama administration wanted to go or obamacare. >> okay, my friends and colleagues here, thank you for joining us. i think what is making this particular scandal resonate is that veterans are pretty popular and we might argue our reward, but we don't argue over the treatment that they get because of this. and that is uniting democrats and republicans. >> mission and pay taxes and they shouldn't have to pay a dime for help there. you go overseas, you fight for our freedom. we all celebrated on monday because of them. they should not have to be dealing with any rest, they should be getting the best care on the plan and not the worst. because unfortunately that is what they are getting right now.

>> something the speaker pointed out bears repeating, this idea that let the market forces take hold of as an address to care. because then it's on the line as far as the responsiveness and if they can't get the job done, someone else will get it done. so what do you think that? >> i think he's onto something because the free market has been a more effective use of capital and resources. people can get what they need when they need it. but i think they need to carry this forward. that may congress use the va. put them on the same lines for those who have put their lives down for this country. >> the fact of the matter is that to be fair to the va, we have an overwhelming number dramatically upped the number

and are we keeping up with that or are we just throwing money at a problem? >> you can't find anybody who has anything negative to say about the amount of money spent for the best care. the best year ever for life is going to cost taxpayers a lot of money whether it's vouchers or government hospital. and these are one of the reasons it's not $100 billion a year. and so it almost sounds like i'm against the troops. but at some point you have to scale back this and i don't understand where the end of that would be. as far as government run health care coming up a lot worse then obamacare. some said it's very similar belief that private hospitals,

this is government run hospitals. >> you have a good point. there was not an option for a lot of people to grow go outside unless they're going to pay on their own for private care if you get any sort of cancer or lesion removed or anything like that. so we have the freedom of that month ends. getting the bureaucrats out of the way. >> absolutely. like you said, whether you had vouchers or you were given some kind of dust into prate care, they should have that choice. good health care is about their choices. neil: you are right, thank you guys. and get off the both, were going to storm normandy. they didn't do that for us.

why are we doing that for them now? and. so all right, on to another controversy keep pushing it, you asked for it. asked for it. you are already getting dentures are very different to real teeth.

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neil: okay, be careful what you wish for, you just might get it. this idea of a 10 sentence minimum wage. fifteen-dollar minimum wage. but the problem is to push the folks into autumn either have more and more. look at what they are doing already to replace workers. so they are doing it all over again. >> yes, they are. but i think they are doing it regardless of where minimum wages. it is speed the process. but for the life of me i can't do that at the food store. the automated thing. let's keep the people at the grocery stores. >> i did it once i thought i could just pay nothing and said,

okay. but i wasn't able to. so do you see this going anywhere enact this business were disputed up. >> you have all of these minimum-wage workers in your factory in the day, hey, someone has big piece of equipment that can replace them for cheaper over time, you will probably make an easier decision. >> you have robot drones, you name it, to take the human process out of it. and the way they go, it's just one company and countless others are doing similar things as well. does this speed the process? >> these robots will rise and demand health care benefits. and this has been a debate since the 1870s.

>> don't let me get going on him. >> automation doesn't destroy this exactly. the minimum wages are more likely to go to a state with lower cost and i think technology draws itself. that can happen and they can do it, it's going to put taxidrivers out of work. even though higher wages can hurt the labor force and not compete against technology. once they innovated, they will have it happen when they get paid a dollar or not. neil: what happens is the computers or the machines do a better job. so how does that work for them? >> i am looking at that saying, be very careful what you wish

for. once those machines come in, nothing will be pushing them out. >> that is the real issue because once there is a replacement and there is a substitution for human capital, you have to put a price on something that is not an extension. i don't know the answer to that, but what i know is that the laws are innumerable. if there forthwith a choice, they will be flowing to words treated most profitably. so there better be offsetting compensation for that. because it is the law of unintended consequences. capital leaves, jobs leave, the whole thing changes. >> when you think about it, this has been happening already in the wages are stagnant. >> of course it has. >> so then they say don't use this. >> the minimum wage, unfortunately, it is going to go on and on forever. the drones are coming.

this is going to be the way it's going. and the people are not leaving. there's dell these people on the planet. >> argue that shallow you would advocate a drone to deliver one to your house? [laughter] smack someone has to put the wine in the drone. neil: is steel and that's a very good point. what a humbling moment. the clippers are now up for sale. so here is the thing. remember when they are talking about this franchise? do you know the numbers that we are hearing now? 2 billion.

neil: all right, the clippers are going to be gone. they will be in someone else's hands as soon as next tuesday. the issue isn't how much the team can alternately do, but it could be billions. here is what is weird about it. the deadline to get it all done by early next week, in other words you do it or we will take it over ourselves. so you just say they are overdoing it? >> yes, they did agree to participate this. but the restriction of time on this could impact the amount of

the sale. >> i do see your point. if it looks like this, you're going to provide for a. >> you know that they have to sell by tuesday. and i will sit tight and see what they do. >> that's right, that is what i would do if i was spending $2 billion. >> i agree, i think the nba, when you are an owner, you agree with your own set of rules and bylaws. so now he is stuck with the rule and i think by june 3, 75% if

you don't agree to sell by that point in time. >> there is no basis for disturbing the team in this way. so what do you think of that? >> that is something that i wa thinking as well. he was in court and that would never come in. that evidence would never come in a regular report. but his wife is also an owner. and his family. so he has co-owners of the team with him. it's not like the wife made the comments. so if you do something crazy, why am i at an inopportune state and why should that be? >> but she is a separate owner.

>> yes, i understand. that's an opportunity for her. is that fair? and can the nba imposes penalties upon her? >> they are imposing the penalties right now and the deadline. i'm just wondering as a lot of americans that back. but they found offensive, now a shotgun deal that has to be done is getting to be a little bit of a pile on here. not that he is looking sympathetic, but a lot of people are doing this and what you make of it? >> this is ideal. i think they have some sort of government entity that would be involved. that we are talking about a private association which he entered a contract with. >> this includes the private conversations to match he yes, i

think that what they are saying is that it came out in adversely affecting us. >> this is really going to hurt this team and the family. >> so we are still is profit wise. >> what getting, it's like high taxes and they will be lucky if they clear a billion. >> it is ridiculous. >> i'm just saying if you want to be forced to sell on this conversation. >> thank you ladies. what if i told you the biggest impediment for a housing boom our students to go bust. so much college debt, forget about taking on housing debt.

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compare hundreds of cards from all the major banks to find the one that's right for you. it's simple. search, compare, and apply at creditcards.com. first round's on me. neil: something called pending home sales. in other words, you have gotten a contract on our own. it is ready to go. it is in the pipeline, and that rose, but it barely rose. that is even with these obscenely low mortgage interest rates. and the problem could be, it could be at the lower level, at the entry-level, young people are saddle was simply too much debt to even consider buying a home half. could that be the big impediment real-estate analyst jason meister said the student loan debt is, indeed, going to be a big factor on whether this house

a recovery even happens. >> that's right. a first-time home buyer is under siege. increase double digits in home prices and interest rates are up from a year ago. low, near 4 percent, but they are up from a year ago. with the debt on the one hand and interest rates and home prices going on they cannot afford homes. neil: that does not bode well for housing. the fact of the matter is people got used to these low rates. they go up even a little bit that's a lot. >> is a lot like the tech bubble. once the bubble burst everyone got scared. no one is in housing because the bubble burst. what do i want to be leading this? , is all rents. i want a little flexibility. it's not like it was back in the day.

neil: young people you're talking about the boom. they just don't see it. a lot of it they experienced a the first and from their parents, what a meltdown, ennobling collectors chasing it. there are not as sanguine on the beauty of owning a home. >> the american dream has been shattered. we're trying to recover, but you won't have a real housing recovery without the first-time home buyer. if there are 30-euros living in their parents' business because the job market -- neil: live in their attic. >> that's right. the job market is so bad, do we really have a jobless recovery? and so have we are not really -- if the job market is not robust and you have students that on top of the fact of the job market is still a tough place it's very hard for affordable -- to buy homes and afford the sums of these interest rates.

neil: i heard another argument that we don't need the kids, the young people. there is enough activity on the upper end. that turning alone will be able to sustain the housing recovery. i'm no expert, but i cannot imagine that is sustainable. >> i think it comes down to access to capital. right now you have to look at who has it. that buying lots of homes, open dissent on the. the betting on a value increase somewhere down the road. i think he's on the something. you have to flip that argument around. neil: back to lending what they did before. you have to put down a certain amount, qualify.

we are getting back to reason. that takes time. so that's not a level. it's true that they have more student loan debt which will help you borrow. the american dream has changed. they don't want to live out in the suburbs. that dream does not exist for this generation. moving to cities that higher levels. without this buyer, these people are not going to live in their basements until they're 80. some hedge funds buying the property and are going to rented out to that same millennial would not be in the home ownership business. viejo higher returns in real estate. neil: that does not mean much for home values. >> home values are going to drop i think prices need to.

that is healthy. neil: dropped enough. >> they haven't. >> so many of those home buyers are under water. that's part of it. they can't even get out of the honda selig and put it on the market. >> that's right. >> a huge amount of shadow inventory. neil: they don't like anything indian you're saying. coming up to my next guest says that the irs, the irs is just starting conservatives. in some cases of tropical small-business is. find out how. we're moving our company to new york state.

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♪ neil: all right. forget about the irs starting conservatives. did any of you read this column a few weeks back, the irs targeting of small business in

michigan? but just drained their bank accounts of everything in it because of what the irs got was suspicious activity. i won't go into the details. what caught the attention is that this couple regurly made deposits over about $10,000. they thought this look nefarious and just said we're not even asking any questions. this went back and forth for a long time. they won, got the money back, but continues to make sure the irs does not pull this kind of nonsense. the irs has the legal right to pull this kind of nonsense. the institute for justice is joining us. he represents several small businesses fighting the government, but this is all, i guess, legal. it seems shady. i cannot think why the irs has this power. >> it is illegal and totally shady at the same time.

this is called civil forfeiture and as a power the government has to take money from law-abiding some of -- citizens simply by alleging they have done something wrong but never charged with a crime, never bring it to our criminal jury. it's just to let you have done something wrong, take your property and basically dare you that tried to get it back. neil: why can't they sue worse and a threatening letter. this just seems -- go right into your bank account. >> that is exactly what they do. it is because they want the money. did we call a policing for profit. it is all about the government getting its hands on the money that was unlawfully earned by american citizens and keeping it for themselves. a shady and needs to be gotten rid of. neil: examples of how the irs has done that. does this account as legal to

you? >> is certainly does not sound legal. i cannot believe that it actually is. there prang of small businesses because they know they don't have much in the fight back. neil: businesses that deal in cash. >> and that is the thing, they were doing the right thing. any deposit over $10,000 the bank is required to report. they tried to do all the right things. they don't have a staff of accountants to go fighting the irs. neil: we are told this is unusual. don't make a big deal out of it. as the irs point on this. >> that's ridiculous -- >> well -- >> not at all unusual. they do this all the time. neil: they do it all the time? >> well, not only do they do it all the time but if they are the

government and ar supposed to be enforced as they have a moral obligation to be doing a better and clearer than the citizens upon which they're supposed to be enforcing. it flies in the face of everything that we stand for. this is appalling. neil: well. >> first of all, they have been doing this to alleged drug dealers and smugglers for decades and no one cares and so it crawls over into a legitimate business person. if you're driving a car with a lot of cash and that you will lose the car of the cash for a while. the mayor may not be in the drug business. this already goes on. the ira's does not have the power to make cash illegal. a lot of businesses are breaking the rules. that is for congress to fix and the economy to wipe out the businesses that under report. neil: i never knew that the irs said this power to begin with, but because it, guys like you

are exposing to the degree that you aren't fighting, the irs could turn around and say, well, thanks to guys like clark now money will be taken from us. your taxes will be affected as a result. you say what? >> preposterous. we are talking about is a basic a minimum level of due process where the irs to go in front of a judge and make the case the crime has been committed and the money really is from the crime. the problem is the civil forfeiture than ever have to do that. they take the money. the irs is to keep money that was not involved in criminal and activity. neil: even when they get the money back, lawyers and time and inflation. they never get it. >> the lost jobs. what if this business runs out of cash and have to lay off employees, closed-door. the government is not

accountable for its actions. neil: amazing. thank you all. coming up, lot of people say when they want to raise the minimum wage, it is the least we can do we see what these fat cats are making. that depends on whether the fat cats deserve it. what if i told you that they do. ♪

neil: there are a lot of multimillion-dollar ceos. in fact, that is the sort of rule these days. they just did paid millions of dollars. the flip side is, if they are making money for shareholders and the company is firing on all cylinders, are they worth that? a lot of people say no one is worth the kind of money that we

will show you is going on and oracle. you get the idea. these guys are delivering for shareholders. the stock in this case is up 29%. what is wrong with his package going up? pier ghandi go through these as we talk about it. that is the idea. if they are delivering the goods they deserved a good day. what say you? >> let's not forget how this happened. we used to get mad. you know, stocks cost a lot more than inflation. now, their cases particularly at the top end of the distribution where it is not tied to the success of the company? shore. it is basically his company.

he started the company. that is a way that it is. neil: that is a lot of compensation for himself. >> and a lot of this is an options and stock and notes merely tied to the stock price. d.c. these numbers. it is really mostly stock. you would be surprised if ceo pay did not go up, but this is the reason for income inequality. the stock market does well. we tied paid to it. the alternative is just giving them cash the matter what. neil: anchor at their pay packages. for which. >> that one of them paid in stock. the stock is up. these are the lead guys and women. they are brokering deals. with all due respect they are not working the production line. they're out there doing

international things. they are an elite group of people. blame that on the fed. neil: what do you think of all of this? >> said think you have to remember what capitalism stands for. you want people to earn as much as they possibly can. the fact that ceos are getting what they arguably deserve is great. the real issue is not the pay but the inequitable distribution of the play which i think is a problem because we have lost the concept of value. the fact of the clippers make it sold for $2 billion, really, where is the humanity? >> the players are so broke. neil: a lot of these guys in the top ten, their companies were not in the top and a star performances. they are disproportionately paid .

but in other words, it just is what it is. it does feed the narrative that if you're going to give these guys as much money you have to boost the bottom line. neil: but then if you are not happy about the guy out. neil: you are callous. are going to switch to apple. i don't know if you have been watching the stock. i am an apple shareholder. there are a lot of analysts say it is on fire. they cut a down. but because apple might be getting cool again. the jury is still out on that, but i am beginning to wonder whether this talk of the smart ones, some cold calls coming whether it has found its mojo. >> home automation. they have almost no choice. so much cash, well over a hundred billion. being pressured to give it back. they have to buy something. this sounds like trying to use a

fraction of the cash, but there is more going on. people are not buying individual songs. it is going more to this subscription model. they are not a leader in that, but there are a patent portfolios. they need that to fight the competitors. i think you can definitely rationalize this. neil: it gets boring speeds of that there's anything wrong with that. that is what traditional companies to. fees the argument that that is what apple is doing come becoming traditional, getting gray hair. >> the company used a ruse innovation. now it uses mbas. they're making a strategic decision. >> here's the thing. if there were truly going to change the world would have done something on their own who is

that -- what does it mean? wristwatches, pay-tv subscriptions? who cares. >> why do we keep working in? every company. hold on. disney did it. this is what big companies do. jimmy i've been is awesome. they could not create that if they tried. they are getting some created -- neil: out the end of the stuff? >> i thought this was a good deal from the get go. >> you have a great point.

you have a big company that simply is not executing the way it would have if it at innovation. neil: might have hit on what i think is a key developer. controling your home. devices can start doing that it might have stumbled in the pater. panera i have to give up on technology. i tell you, this sentiment is going to be used. [laughter] neil: more after this. (vo) rush hour around here

starts at 6:30 a.m. - on the nose. but for me, it starts with the opening bell. and the rush i get, lasts way more than an hour. (announcer) at scottrade, we share your passion for trading. that's why we've built powerful technology to alert you to your next opportunity. because at scottrade, our passion is to power yours. neil: what is the deal with the

way they continue to treat our veterans? prompted bipartisan rage, as many democrats as republicans want to be a heads out the door. then came montel williams to put asikange of perspectives. >> now that is ray jones their rights. to shape. but saying that they fought for their country are treated the way they are? and to general erics general should check the is els. either obama told eric shinseki or he didn't. if he did, then eric shinseki should resign, and less he tried to work out the problem.

and something tells me the irs would be afraid to mess with you anyway. and the new leader needs the power to fire and replace all existing personnel. unions be damned. and kathy writes, thank you so much for continuing to do stories on the va, my husband is a disabled veteran just add back pain and has had to wait months just to see a doctor. they say it is because they are short of doctors. that is ridiculous.

it is being outsourced to contractors who do not want to know too many details. i was the rise last month and so now to another hot button issue these days. the minimal wage. jack and columbus, georgia writes that i think you are iron man, i agree with you on most issues, but you are nuts about the minimum wage. that is something that should be done away with. >> i hear you and my only fear with that is that some unscrupulous business mai tai to freely witness to bring this to their advantage and there should be some safeguard for standard in our society. and i worked as a registered nurse for 42 years, says another e-mail. the most i ever earned was $20 per hour, raising the rate would affect many more than those

earning minimum wage. and eric in ohio says maybe i have just there, but i watch a show and i never hear anyone talking about the real reason and most have clauses in contracts that give them the minimum wage that increase. unions don't care about these things. they want an automatic increase for themselves. so we have scored just that issue. and we are dealing with great minds that think and fear alike. a lot of you finding prince charles to be a royal pain after saying that we need to reform capitalism to change climate change. and so let's and the british monarchy to stop climate change. and rich says that prince charles needs to stick to playing polo and leave the thinking to everyone else. and finally this, i think that prince charles is demented, capitalism provides resources

and jobs and healthy living. and by the way, if you think about it, minstrels lecturing anyone on capitol hill, hello. hello? ok >> if i am going to help my brain come to fruition i have to feed it quality nutrition. >> the food police are here. >> the epidemic is worse than previously estimated. >> almost 95 percent of all americans will be overweight or obese and two decades. to know what is in our food? you better not eat meat. some say don't eat anything with a face senator so many alternatives