tv Forbes on FOX FOX Business August 17, 2014 2:00am-2:31am EDT
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>> here's the thing. they are fast. they are much faster. >> then let me just say if you can get warren buffet -- >> okay. >> plan to keep our troops out or iraq for good. give all iraqis a share of their country's huge oil reserves in profits. something the terrorists want to get their hands on. welcome to forbes on fox. here's a question. if all of these iraqis had a personal stake in this fight, would they step up and fight so that they wouldn't have to? let's go in and focus with steve forbes. is this a good idea? >> you might call it the alaska solution. they have a permanent fund in alaska. each year every living person who is in alaska gets a
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dividend. and st sunnis should be for it. the curds would like to have legal protections as well. >> i also feel like we're talking about changing the living room wallpaper while the house is on fire. they have to want the people in iraq to feel connected to the country. the problem is the threat of isis. internal fighting. there is just so much going on. the country that fails to have some of the institutions that i think we feel taken for granted. helps people want this. >> that's the point. trying to get iraqi people to be
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there. it should have been done ten years ago. i had an interview with the late great free market economist. we had a great opportunity in iraq. put knit the fund for the people in iraq. this idea has been around for a while. i's a time to implement. >> it's a great idea but i think sabrina is right. right now the house is burning. the first thing you have to do is boot isis out of the oil fields that it does control. this is really pressing. you posed a question to iraqis to stand up and fight. they have to have something to fight with, too. so why don't we give them a second amendment along with
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ownership. >> that ain't a bad idea at all. even with all the fighting, right in the middle of a big conflict, still they are getting $86 billion a year of revenue. it's a lot. they are only making $6,000 this a year. that's the average income in iraq. >> i say do it 20 years ago. here's the thing. this is a beautifully elegant idea. maybe if you empower the people you can push back on people like isis. what you're seeing is we have got the brave dedicated courageous people that are shut out of the corridors of power and the power structure that is elitist and corrupt. we see right now, david look at this. that is the next step.
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you have those property rights. >> and rick, there were a lot of mistakes made by us. one of the big mistakes is thinking democracy is just voting for people. it is a lot more than that. this would establish some property rights. >> i think you were the one who brought the idea back up. it's creative thinking. i always respect that. my concern and september schism is i'm not sure that even that amount of money that an iraqi could help to earn will help overthrow religious rights. >> steve, we do still have power in iraq. so we could influence the government to do something. >> we could. this is one of the failings of
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the bush administration. the idea was kicking around and for their own reasons decided not to do it. banking institutions and hand held devices and the like. this is a step in that direction. >> i know you're a little reluctant on this. what if you add a different element to it. >> i think what is making it reluctant is not the idea. we want people to feel like they have a stake in this and want to fight for their country. we have a constitution that has lasted more than 200 years where we have a court system that is
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functioning. we have a bureaucracy that helps administer a lot of things. i worry in a country that is under the duress that iraq is that getting something like this off of the ground would perhaps take away from other needs at the moment. i would love to see this actually happen. maybe i am shortsighted here. >> it's under duress when you get big changes and break down cultural barriers and having people have direct property rights. >> i-sis is one of the nastiest meanest terror organizations that i have ever seen in my lifetime. if you give them a stake in the country, something to fight for, might that not be something that would prevent or boots from being on the ground instead of
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theres? >> long term i think that's right. i just want to take on sabrina a little bit. nations can turn pretty fast. singapore, malaysia, vietnam. these are countries that 30, 40 years ago we would have said these problems are eternal. this is the way these people are. and look at how fast these countries turn when they got a taste of free market enterprise. >> even when you look at south america, that came as a result. >> think of a lot of other countries that we did battle with and helped build from the ground up. establishing property rights was key.
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>> look at russia. >> that's a great point. >> here's the thing. this move in iraq would attack the root causes of terrorism that divide between the poor. you look at the back door and mexico. >> rick? go ahead. >> you pointed out that we played a role in getting the current prescribe to step down. something that is very important. when we say we, this means the administration. can i ask my friends for one time and one time only? let's give the president some credit for this? >> people have been talking about doing it for a long time. but still, at least we're on the right track. here is something he could do that would take them one track further. coming up next, paying almost
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the drug enforcement agency giving an amtrack secretary more than $850,000 to obtain passenger information. but it could have gotten that same information for free. >> we are blown away by this. this has gone on for 20 through three presidents and multiple wars. what does it take to fire a federal worker? we have got guys watching porn. we have people going home to do laundry and surf facebook at home. we have got gsa. you know what? starbanes oxley called provisions for people blowing the capital. this person should not have been allowed to retire without getting that money back. >> it was not just money. the 5:actions of this prevented
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the dea from working with amtrack police. >> we all know it is more than just the money aspect that controls me. what is it that the dea needs to know when i was taking amtrack. it's none of their business. this is just bad from every possible angle. >> $4.4 billion. that's how much we spent on amtrack over the past three years. and they are charging us a fortune. i go to washington all the time. i have seen it jump. it's almost the same price to fly to washington as it is to take the train. >> no tsa, no seat belts. that's nice. by the way, on that secretary, was tax paid on $850,000?
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and why over 20 years? was there something else going on here? in terms of amtrack itself, other than the boston to washington run, it loses money. politicians like having trains run through their areas. i would pay the fare because it's so nice compared to an airplane. >> our vice president used to use it all the time. >> he wants to keep subsidizing it and expand it. it's toxic and not what we need going forward. that is going to allow us to stay on so long. they have a strongle hold on accountability. >> this just shows you what happens when government tries to do anything. the prices go up and the quality goes down. >> yeah.
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this has been observed for a long time. britain's empire was in decline and the economy was sick and yet government was growing 5 to 8% a year through it all. particularly when you have an enforcement agency like the dea, irs, you have -- you really have a toxic combination where people will overuse their power. steve is exactly right. i want to know what the dea has over the secretary at amtrack. >> that is what is so shocking about this story that that information is not the subject of hearings. we have government agencies that care more about personnel rules than taxpayer dollars. >> this just shows you theover preach of government.
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>> i don't know if it shows overreach. >> you were just saying that it did. >> i said that the dea has got their head you know where but it's okay because we can somehow find a way to blame this on public unions when this secretary, had she been found out. >> come on, this has been going on for 20 years. >> one at a time. >> who doesn't want to pass the carrot. the personnel rules got in the way. these guys care more about their own jobs than the taxpayer dollars. >> they are accountability on transparency and efficient. >> unions are the same. >> relevant because they're holding on to their jobs no matter how inefficient they are or how much they are spying on you, by the way.
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>> steve, this just shows that the government has reached that point, that tipping point where they control us and they are the ones that are supposed to be controlled by us. >> rich was right about parkinson's law. any group left to its own device will grow and not care about its original mission. >> guess what? our founding fathers knew about that 204 years ago. they were writing about exactly what is happening now. it prevented that for 200 years. illegal immigrants convicted of violent crimes set free on u.s. streets. first right here. paying hard working employees extra cash to take a mandatory vacation. why more bosses are doing it to save their companies money. next.
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with the top speed of comcast business internet... well, there's really no comparison. why pay more for less? call today for a low price on speeds up to 150mbps. and find out more about our two-year price guarantee. comcast business. built for business. >> hard working americans are going to like this one. more bosses are actually forcing workers to take a vacation. some even handing out extra cash to do it. they say it keeps employees fresh and more productive. you say this is nuts. why? >> vacations are not free. they come at a cost to employees, to employers, to other colleagues. work doesn't disappear when i decide to take some time off.
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that's not to say that people shouldn't take time off but the idea that we would mandate shuffling things away is crazy. >> there are a lot of employees out there that don't take all of their time. 75% of their employees do not use all of their allotted vacation. >> that includes me. i would like mandatory paid leave right now. >> i wish you were my boss. i get the argument if you make it mandatory it will slam small businesses. but there is a strong argument that there is reduced productivity. >> i'm not sure that i would be paying people to take time off. some bosses actually do hold it against their employees, the ones who use all of their allotted vacation time.
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that's why these companies may not be doing the right thing. >> it should be up to the employer. if you have a boss who says i don't want you to take vacation, it's a vibe. if you do it at the end of august, no one is going to notice. end of december? somebody might notice. we have already given people a paid week off at year end because nobody does anything anyway so you might as well do it guilt free. >> what about these businesses paying employees to take time off that is allotted. >> more power to them. there are companies that pay to invest in their food and really elaborate gyms. it's probably a good idea. in start-ups it sure as heck
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wouldn't work. >> have you ever taken all of your vacation time? >> i can't remember the last time i took a vacation. having somebody man dade that i do so is ridiculous. it is a vacation. we enjoy it. >> you're annoying me. >> i'm done here. >> i think that's the greatest point of all. >> i'm guessing most of you are not looking for extra work. that's why employers are here to help you pay for your next trip.
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>> we are back with the stocks to help pay for your summer vacation. >> this is a natural gas and oil play. they sell basically materials that are used in fraccing. >> and that is the future, right? >> yeah, brilliant pick. we behind the reserve in north dakota north dakota there are multiple big finds like that in texas and other places. >> you have got a familiar name. why do you like intel? >> intel dominated chips during the pc era. it missed the boat and now it's
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roaring back. intel is a $35 stock that will be a $50 stock. >> i do like it. buy it on the dip. it is making such great e a gre. number one business market continues. >> protests swarming. border agents trying to arrest a suspected illegal immigrant. the administration set free many immigrants with long wrap sheets. >> plus a postal worker caught trashing mail. worse? billionsf your tax dollars are about to get dumped into this. funny man robin williams said to have serious financial troubles when he ended his life and he's not the first. why do so many successful stars end up dead and broke? cashing
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