first. >> ibm has been a winner. i think it's coming back. it's a stock to buy while wall street doesn't love it. >> krg is a regular banking etf. if rates dough do go up. >> david is next. if we can't ask from society's lottery winners to just make that modest investment then really this conversation is for show. >> the president suggesting that the super successful in this country are super lucky. like lotto winners. now, where have we heard that before? >> if you've got a business you didn't build that somebody else made that happen. >> i did not run for office to be helping out a bunch of, you know fat cat bankers on wall street. it must be because i worked harder than everybody else. there are a whole bunch of

hard-working people out there. >> now some here are saying you want to lift up all americans, then stop bashing people who are living the american dream and start celebrating those people instead. are they right or wrong. hi everybody, welcome to "forbes on fox." let's go in focus with mr. steve forbes rich carlguard, carey sheffield, john tandy and bruce jackson. rich what do you make of these lotto comments of the president? >> if he had said everything he said but left out the word lottery, it would have sounded like pope francis. i mean it would have been a good liberal pitch for successful people to pitch in. the use of the word lottery is really revealing of his mind-set that success in this country and maybe even the success of the united states is some artifact of luck. it's one of the most poisonous things i've ever heard a president of the united states say. >> what makes this country great, bruce, is people aspiring

to greatness. people achieving greatness. that wasn't a lottery win, that was their aspirations. >> no i would agree with part of that. i would say who he is -- we need him to elaborate a little bit. i think who he was talking about is hedge fund manager whos pay an outrageously low tax rate. in the broader context, on the whole poverty issue, if you think about it a lottery prize after taxes is $600,000. if you're born into a situation where you have no hope and you're facing college education and bills that are going to amount to 200,000, 300,000, 400,000, you almost need a lottery for some of these people in poverty to get out of their cycle. >> i think it's a good question. what turns poor people into wealthy people. is it the government or is it something else? ist t famies? it ppor becaeherere a l of pr pele wome thesehore

who ve nhingut bome llioire or biionaes. youe righurop mpans ar staed b imgran orhe chiren o immigrants. that's what studies show 40%. that means if you're rich your children are probably not going to be as rich as you are. it is from the boot strapping immigrants boot strapping poor. it is the family. it is community. it is values. it is hard work. i am proof of that. my parents were on welfare. i've been on medicaid. i've been to these inner city schools. it is values. all the social science backs this up. whether it's charles murray put numb. that's what the data shows.ng to account for real change. >> what is missing from the president's comment is that aspiration to greatness. that's what makes this country great. we should be celebrating that right? >> we should indeed as lincoln put it the opportunity to improve our lot in life is the essence of the energy of this country and why people want to come to it. what the president also doesn't seem to get is the connection

between a higher standard of living and entrepreneurs and others making investments to make the products that enable us all to have a richer better standard of living. he said we should invest a little more. well mr. president, get a better tax code monetary policy health care policy and you would see that investment enable people to move up the ladder of success. >> doesn't wealth creation the process by which poor people aspire to greatness and become wealthy, doesn't that create wealth for everybody? >> of course it does. the president's very confused. what he misunderstands is people get rich in this country by virtue of taking that which only the rich can enjoy and making it broadly available to everyone. think the automobile. the computer. cell phone. air conditioning. what he doesn't understand is if we got rid of society's achievers, life for those not rich would be marked by unrelenting cruelty. >> the president said something else in the same context. he criticized. he chastised the rich for sending their kids to private

school. that takes a lot of gull doesn't it? >> and going to private clubs. he himself sents his children to private schools and golfs at private clubs. >> and he himself educated in private schools. >> that's a good point. when you listen to the president's speeches from the democrats to the left what they will not talk about, and here's the key, how to end the cycle of dependence on government. i personally like food stamps. i want food stamps. but they won't talk about waste, fraud and abuse in that. but how do you end the cycle of dependence on government? what this president has done is build a tax and regulatory and spending inging skunk works in the government to historic proportions and it's making blue chip companies flee cities and states that are also slamming them as well. >> some of that has to be government but we should emphasize a lot of these rich people spend a lot of their money, a lot of personal wealth helping other people. think of the hedge funders themselves on the cover of

forbes. a hedge fund guy spends millions of dollars on hospitals and things like that. >> i think it's been shown in numerous studies that republicans tend to give more to charities than democrats do. all you have to do is look at the tax returns and charitable giving in some of the recent democratic lions like al gore who gave practically nothing. this word "lottery" is one of the nilistic things i've ever heard. it throws the whole american experiment out the window and attributes it to a matter of luck. >> what it does it squeezes out the essence of the american spirit. i mean it's the american spirit that turns people into super motivated individuals that create wealth. >> right, what he's doing is european. he wants to rip out the creators of the wealth and give it to people not working. he has rolled back working provisions for those on food stamps. we need a safety net but we need to put in work requirements. this president does not want

work requirements. that is the strongest variable for lifting somebody out of poverty in addition to making sure we have a strong family. >> doesn't it bother you a little bit that the president seems to have missed the essence of what makes this country great? >> well i think what bothers me is we have gone nowhere with this whole poverty discussion dating back to when republicans like jake kemp were talking about it and john edwards, when he ran for president. and things are not getting better. so i think unfortunately the lottery winner upset some people but the president is saying come on let's get bipartisan agreement and move something forward. >> the lottery comment comes in the context of a lot of other comments. you put them in context and it shows he doesn't understand how this country was built. >> he's hostile to free markets, to entrepreneurships.

he thinks if you uksucceed in business it's because you exploit people. and everything like that. he has no conception on how you get new things for people. >> the entrepreneur didn't start out life on third base. he or she got there fighting and working hard to build their businesses. two-thirds of the jobs in the country are created by entrepreneurs and small businesses. but this president is penalizing work. he basically has -- it's not a profile in courage to flip the switch on $7 trillion in spending which the president has done. we need those jobs which the entrepreneur builds -- >> that's a good point, go ahead, last word. >> i think we've got to remember an economy is a collection of individuals. how does it hurt the individual to do that which maximizes their talents and makes them rich? what an awful world if we don't seek the inequality that maximizes our skills. what a tragic world he wants to take us to if he got his way.

>> coming up next if iran still is taunting arab leaders need the president to stop them from worrying. maybe it's time we stop talking and start walking. pemmaraju.

virtually as iranian gun boats were again taking shots at a cargo ship in international waters a summit on iran flopped as only two out of the six arab heads of states actually showed up for it. as some arab leaders giving this the snub over the iranian nuclear talks, should we give up on the talks? >> absolutely this is a farce. we have a president who's begging it is iranians to give them leaf so he can say we've got a deal. iran is using us as part of their plot to become the big power in the middle east control most of the oil in the world and we're letting them getway with it.

the saudis said we can't rely on america anymore. that's why they sent the b-list to the summit instead of the a-list because -- one arab leader says he doesn't want to be lectured to by a president who doesn't know what he's talking about. >> ouch. bruce, give up on the talks? >> no i think we've -- at this point, we've come too far. i think the saudis that were here in charge of the defense portfolio and the security portfolio. so i don't think these people were nobodies. and i just think we've come too far in this. one thing that bugs me a little bit, though now it's costing us more money because we've let this drag on and the saudis and the arab countries are going back knowing we're going to spend more money to protect them in defense, that was announced this week. >> it was clearly a snub. the king of bahrain, he had something better to do that was going to a horse show in bahrain. >> yeah that's right. what does that tell you.

>> by the way, a picture of him last year. he did the same thing this year. >> intelligence officials have repeatedly said this deal is weak. what do they need a heavy water facility for plutonium? listen what's really going on inside the country is the mullahs are losing grip on their countries and the economy. there's rampant inflation, rampant unemployment. i thought economic sanctionings were about getting rid of the awful regime committing human rights abuses. >> the horse show was in england, not in bahrain. but john the alternative of course is sanctions. we've had sanctions. they appeared to hold back the iranians on their nuclear progress. should we focus on the sanctions and dump the talks? >> no we shouldn't negotiate, nor impose sanctions. we needlessly elevate regimes

around the world. arguably castro would be long gone so would the kims in north korea, if we just turn the other cheek. are we going to elevate another corrupt regime? ignore these guys. >> in cuba clearly the sanctions haven't stopped the castros from ruling the country for 50 or 60 years. >> yeah you know i agree with my good friend john. 95% of the time. but, you know, nuclear weapons or the process of getting nuclear weapons suddenly turns irrelevancy into relevancy. should we negotiate or do anything with iran no we should stop it all. they've got a history of supporting terror. the rhetoric out of that country is still very toxic, even murderous. now they're firing on singaporean ships. what more evidence do we need? >> so carrie talks or sanctions or neither? >> i say stop the talks and keep the sanctions because, look this president himself is

condemning himself. he said we will extend our hands to countries that unclench their fists. this country has done nothing to earn our trust. and we need to keep our leverage on the sanctions. >> steve, we have done nothing to support the freedom movement in iran. there's a lot of persians who are for freedom or against the current regime who are still living in that state. shouldn't we be doing more to help them? >> yes, we should take a page from ronald reagan who provided covert support to solidarity in poland helped set the state for the extraordinary end of the cold war. in terms of regimes like that bad regimes get badder if you don't stand up to them. as pointed out, whether they get nuclear weapons that can terrorize the region by golly, we do have to stand up. >> they still have revolutionary

aspirations. they still call the u.s. the great satan. wall street sources and intelligence officials have told us at fox business what the name of the game for iran is they need $30 billion at least to rejuvenate their oil industry and they need to look like a more normal economy. so that's why they want those sanctions lifted. >> shouldn't we at least be taking a more proactive role in try to change things within iran? ronald reagan did it with great success. >> i don't see what we gain. once again, look around the world. >> hold on look what we gain in ending the cold war. we empowered solidarity in poland. we empowered the czech freedom movement. all of those movements took off. >> i think we did that by growing our economy, not by inof involveing ourselves around the world. what we've got is nuclear arsenals. we can knock them into the stone age. we talk all the time about isis. i ran once. leave these people alone.

>> would you trust them as an ally steve? >> it's like a choice between the nazis and communists. >> the cashing in gang getting ready to roll. >> some democrats now saying the deadly amtrak crash shows we need more spending on our infrastructure but do the facts say otherwise. plus lots of hollywood celebrities ignoring california's water crisis. we've got the pictures they don't want you to see. >> we will be watching. up here first, more millennials deciding to ditch college and some here say that's great news for all of us. next.

>> millennials dropping out has some here looking up. a new report showing college enrollment going in reverse this spring. john says that m actually hp r enomy goforwd. ho sojo? ll this gre ne. obab mor tha w wano admi veryittl we lrnnolle has any revano the worng wod. it aayseen credtial ando hopefully this is a strong side that employers understand we all understand that you don't necessaryily need a college degree to succeed in the real world. >> particularly in light of the fact that 44% of the college grads are under employed. alarming statistic. >> on some level, i've taught college for years, there are

some undergraduates that told me when the economy was bad they would go to college because they couldn't get a job. one of the places where i don't like to see this is le medical assistants nursing aides, so forth, we need these people to take care of our aging population in a low cost setting. if fewer people are going to community college to do that that's a problem. >> particularly for you, because you want to stay employed as a teacher, right, bruce? >> no i want to stay employed as a health care writer. >> all right, rich what do you think about this good or bad news? >> i agree with john. i think there's far too many jobs out there that require credential that really, you know doesn't make up for the fact that you really need work experience. and that the marketplace will vote on whether you're really good at what you do or not. so the kids are going out and they're trying to put their foot into the workplace in an improving job market is a good sign. >> steve, let's just be specific by the way.

college enrollment dropped 2% this week from spring from last year. that's what we're talking about, enrollment going down. >> part of it is the war on for-profit colleges. associated with one at forbes media. the government is at war and they're trying to save the not for profit institutions. shows the flexibility of the american people. you take a job if you feel you need to get more experience. you can go to a private college. can go to community college and boot strap it from there. or get a certificate like harvard and others offer for business executives. do it as you go. flexibility. no one size fits all. >> you don't want to be stuck with this huge debt over 1 trillion well over $1 trillion in debt is what a lot of these college grads are stuck with and not a good job. >> right, it's the next bubble. any time people are earning income instead of saddling themselves with degrees that don't matter i said kudos. i agree with steve on the for profit persecution. this administration is holding

not for profits to different and lower standards than for profits. aei did a great panel about this. they showed that the not for profits actually served minority and african-american hiss spabic children and young adults and they're shutting -- >> i got to cut you off because we have run out of time. not taking full advantage of your 401k? you're missing out on frejohn legend:

♪ one day when the glory comes ♪ ♪ it will be ours ♪ dr. king, what's your next move?

a march from selma to montgomery. common: ♪ selma is now for every man, woman, and child ♪ king: we will not wait any longer. king: mine eyes have seen the glory. glory, glory, hallelujah. monday an irs special on the scandals at the irs. now to the stocks to help you make more money. >> select bio tech top for the last few years. >> you like it? >> never bet against indexes. >> yahoo!, you love yahoo!, why? >> i think verizon's purchase of aol's going to revive interest

in old internet names. >> agree? >> when it goes down it could be a takeover target. >> that's it for "forbes on fox." thanks for watching. keep it right here. eric bolling and "cashin' in" is next. never let a good crisis go to waste. democrats pouncing on the deadly amtrak crash to call for more infrastructure spending. >> this say wake-up call. it's a reminder of how much we depend on our mass transit, how much we depend on our roads and bridges, how much our safety is directly linked to the kinds of investments we make. >> last night, we failed them. we failed to invest in their safety. we famed ed failed to make their safety a priority. >> is more spending the answer? hi everyone welcome. our crew this week wayne rogers jonathan michelle fields and jessica,