he wrote your career turning success into fox. thanks kirk, it's good to be here at fox where you get to say what i want to say. glad i tried again. that's our show. see you next week. . >> start taxing, goods coming from china. john: every day, politicians propose more rules. >> i'm very supportive of the mayor's proposal to tax sodas. john: unions love groups, they say they want, but are the protesters the real deal? >> i do not work for a fast-food restaurant. >> which fast-food restaurant do you work for? >> i don't work for fast food. john: bad rules give us warning labels. >> this may contain fish, warning. john: some bad rules rip children from the only families

they've known, others with pointless red tape. >> 50 pages. >> bad rules. that's our show tonight. [applause] . john: this is what built america, the declaration of independence and the constitution. it's thin, yet these rules which put limits on government, created the most prosperous and successful country in the history of the world, but after the founders gave us this, someone said we need more rules. and now we did need some, this wasn't perfect. this allowed for slavery. founders never thought about pollution control, so good some rules were added and changed. but 164,000 of them? that's how many had accumulated by the time president obama

took office. so the president said this -- >> i believe a thriving private sector is the life blood of our economy. i think there are outdated regulations that need to be changed. there is red tape that needs to be touched. [applause] >> there you go. yeah. john: yes, it's true, and everybody loves that, but then, what did the president actually do? he cut a couple of regulations, now salmon are no longer regulated by different bureaucracies depending whether they were caught in salt or fresh water and added 10,000 new pages, new rules. now we're stuck. this is just the amount the president added. now we have 178,000 pages of rules. rules all of us must obey, and not just 178,000 pages. state and local governments add more, and that's okay says

radio host chris hahn, we all benefit greatly from regulation, but economist ed stringam said hahn doesn't get it. what doesn't he get? >> the cost of regulations are out of control. written by administrative bodies. john: so what, they're all well intended. >> i read the best book, war and peace, the number of pages associated with dodd-frank act is 25 times longer than this. mr. dodd or frank never read this book. >> i got to tellture, was the worst of times that led to dodd-frank, you should understand that, and we needed to do something about what was going on there. >> is that a useful thing, 25 times that many pages. >> when you are talking about the financial services industry and armies of lawyers, i would think dodd-frank might not be long enough. >> do you know bernanke could not refinance his home.

>> bernanke had a very big home and working on a government salary. i think it was okay. john: chris, you worked five years for senator chuck schumer. >> almost six. john: almost six. >> [booing] >> i'm getting booed by people who waited in line to get tickets to see me. john: he holds a press conference just about every weekend, he figures he gets more air time on the weekends and proposes banning something. he's proposed banning bitcoins, energy drinks, assault weapons. high-frequency stock trading, caffeine drinks, powdered alcohol because somebody brought it on the airplane. >> one of the best senators new york is lucky to have him. john: he's the reason people suffer from lack of innovation. >> absolutely not true. john: why should bitcoins be banned? . >> i don't know, i didn't read it. john: it's the idea that if you

don't understand something, the government needs to prevent it. john: how about laser pointers? >> i don't know, don't point them at planes. john: our likely next president, hillary, is a big fan of regulation, when philadelphia's mayor proposed a new tax on soda, ms. clinton was quick to praise it. >> i'm very supportive of the mayor's proposal to tax soda. john: should we tax soda? >> no! >> why not? people are fat. >> isn't there a cost to people overusing soda? >> the most bloated organization out there, you want managing our diet. terrible advice about don't eat fat, have carbs, go for high carbs, switch back, don't eat butter, it's margarine. >> i think health decisions should be left between a doctor and patient. that said, there are things that are going to make you fat. we know if you drink five

sugary sodas a day, you're more likely to be fat than if you drink five waters a day. john: people know that, why can't they make their own decision. >> they can. why do i have to pay for their bad choices. this is a big argument for the banners. because we have socialized medicine, we have a right to control what they eat. >> right, once you get government involved with any of the decisions, it's like now we need to do that, need to do that, it's like, okay, restrict everything we do. let's have them decide what we're eating for breakfast or lunch, what time we go to bed. tax people who stay up late. let's tax all of our bad habits. [ applause ] >> it's not just the democratic nominee who wants to reg late. here's a rule proposed by donald trump. >> i would certainly start taxing goods that come in from china. >> people like this, this is helped him become popular among republicans, you both agree that this is nuts.

>> terrible, terrible, terrible, terrible. bad for consumers, also bad for american manufacturers. look at ford. john: that is counterintuitive. keep the stuff out and american manufacturers will have them. >> ford designs cars here, up to 35% of mustang components are not here. we want to hobble them with the additional tariffs. this is a proposal that would make toyota great again. [laughter] >> this is something every economist, even the most left-wing friend i met. john: you're a friend now? >> we disagree, but come on. john: on social media, i asked you for examples of stupid fools. joe posted -- i agree with both of them. someone named rick tweeted --

in new jersey also, what's that about? >> one of the best things about new jersey is i don't have to pump my own gas. the prices are low, and i don't have to pump it. >> no, it's cheaper because the tax is three cents in new jersey and 40 cents in new york. >> right, and i don't have to pump it there. john: it would cost ten cents less if you could pump it. this is what galls me about the left-wingers, the way you use the word have. >> i'm a moderate. [ laughter ] >> you don't have to pump your own gas. what about voluntary versus force? >> that's a state regulation. the people of new jersey elect representatives, if they don't like, it elect people who change the law. john: but the legislators are taking money from the service station lobiers. >> from the guy who pumps the gas, you think he's got his own

lobby. john: yeah. >> somebody had a lobby that the only two states are the ones it's not allowed. the original argument is we're so stupid we'd blow ourselves up. in the 48 other states they don't and the two states hang on to it. >> it's up to the state. in a free market you have the full service, the self service and the free market outcompeted the way of doing things -- >> i believe in america where everybody should feel free to have gas-smelling hands all day long whether they want to or not. john: no, you don't. you say you're fine with new jersey, forbidden to have gas on your hands. >> if i lived in new jersey and had a problem with it, i would change that law. john: think about that. he would have to change the law, he would have to get 51% of the people to vote for something. in a free market. all of us can have what we want. isn't that better? >> there's no such thing as a free market. if there was, we wouldn't need so many regulations.

[booing] . john: thank you, ed, chris. now covering regulation over the years, i've noticed that when a president's about to leave office, they do something called a regulation dump. president obama is no exception and one of his more costly new rules will force companies to give more workers overtime pay. >> that will ensure that the hardest working americans are paid fairly for overtime. john: fairness. before the rule was that workers who made less than $23,000 a year must be paid overtime. obama doubled that about $47,000. and this sounds good to people. you work longer, you make time and a half. that sound good to you, audience? they're nodding. my libertarian audience is nodding. this economist studies the hidden side effects of rules like that, and you say -- >> the whole issue with this reg slagz it doesn't look at

effect of all various different sectors. john: meaning what? >> for example, the nonprofits have been vocal about the regulation, and the reason they've been vocal is it's a huge cost to them, they don't have the budget for that. nonprofits in higher education. >> i think in the nonprofit world or education, there are people who want to work long hours. >> they do. they believe in the vision of what they want to accomplish. the same thing is true for -- john: so now the government is saying if you want these people to work for you, you'll have to pay them 50% more, i guess if it's double time, 100% more and a lot of the people never get hired. >> that's right, they can't afford, it john. the same thing is true for tech start-ups. you have the young guys, four young guys, graduated from college, others that didn't graduate from college and don't have money, they get venture capital funding and don't have

a lot of money in the beginning and you're imposing huge costs. they put in 80, 90 hours. john: they might make a lot of money down the road. >> exactly. i've been talking to the young start-ups, they had no idea this was a regulation because they're focused on building something. president obama is looking at you punch in a clock and apply it to a 21st century world. john: are you being sexist when you say four guys start it. >> i'm not. if you look at young tech entrepreneurs, they tend to be guys, sorry. john: i think the point that's missing among the pro regulators is workers are not slaves, it is a voluntary choice. some people want the long hour jobs. >> and they make the choice. i don't understand why we have to make the choice out away from them. i testified about this at the office of information and regulatory commission.

john: you went to the white house? >> i went to the white house and i'm kind of angry, i testified, they liked what i said, they had no idea that the department of labor didn't analyze the impact on tech start-ups and other things but didn't take my advice. john: they went ahead with the rules. >> it's a sore subject and i cried when i heard about the regulation being tossed. >> thank you for trying, hard to convince the white house to be sensible. next, did you know that this, a lightsaber, could not ever be used in an actual battle? stupid as that is. that's what that warning label says. so tonight our audience gets to award a thousand dollars to the person who admitted the worst, stupidest warning label.

angela: just waking up and going to school and learning, it makes me feel good as a person. i'm a single mother and i got pregnant and i was the main one working so, i did what i had to do to survive. i never thought that i could go back to school and get it, you know? my sister, my mother, everybody wanted to help me with my kids.

group: surprise! angela: i could not have gotten my diploma without my family. sister: you're winning today! mother: we're so very proud of you and love you so much. angela: yeah it's hard, but don't be afraid. keep on going and keep on trying. you can do anything you want. narrator: find free adult education classes near you at finishyourdiploma.org. did you know slow internet can actually hold your business back? say goodbye to slow downloads, slow backups, slow everything. comcast business offers blazing fast and reliable internet that's over 6 times faster than slow internet from the phone company. say hello to internet speeds up to 250 mbps. and add phone and tv for only $34.90 more a month. call today.

comcast business. built for business. si'm happy for the distraction. i'll be right there. and the butchery begins. what am i gonna wear? this party is super fancy. are you my uber? [ horn honks ] hold on. [ upbeat music playing ] the biggest week in tv is back. [ doorbell rings ] who's that? show me watchathon. xfinity watchathon week now until april 9. get unlimited access to all of netflix and more, free with xfinity on demand. . john: bad rules often lead to lawsuits, more lawsuits lead to more stupid warning labels. and every year bob jones runs the whacky warning label contest awarding a thousand

bucks to the person who submits the stupidest warning label. like? >> how about a warning label on a "star wars" lightsaber that says for accessory use only, not to be used as a battle device. [ laughter ] >> we should say these are the five finalists you picked for our audience to vote on. another is the utility knife and it says, warning, blading are sharp. [ laughter ] >> it's a blade. >> probably be sued if it wasn't sharp. here's a warning label on a coffee pot. seen these all over. it says warning, do not hold over people. okay. right there on the label. [ laughter ] >> this bicycle bell. now, cycling can be dangerous, bicycle labels should be installed and serviced by a professional mechanic, that's a reasonable thing to put on a bicycle, but they put it on the bell. it's dangerous to install this yourself on the bell.

you must get it to a licensed mechanic? >> right. john: and the fifth? . >> this is a party balloon, it says warning in california do not release outdoors or near electric power lines as it may cause power outages, so it won't do that if you release it in texas or michigan? [laughter] >> all right, you've done this 18 years now, why? >> we do this to point out how the rules we have in the courts and the legislatures in congress make favored litigation in america. we are the most litigious society on earth. if the level of litigation in the united states was simply at the level of countries competing for jobs, in asia and europe, we could save 589 billion dollars a year. we don't have to eliminate all lawsuits. we have to get to a reasonable level and save all the money that could be reinvested in our economy. john: and worse in america

because in america, i can sue you, wreck your life, spend all your time defending yourself, and lose, and i can walk away, i don't have to say i'm sorry, and every other country in the world, i would have to pay your legal bills. >> yes, a very important point. every other country in the world. john: i call it the english rule but it's the rest of the world rule. >> exactly, if you sue and you lose, you're having to pay their legal bills. that's a big disincentive for file frivolous lawsuits. john: any evidence it makes us safer? >> no evidence at all. the lawsuits that lead to the long warning labels and absurd warning labels are make us less safe, as warning labels become so long, we tune them out. how many people read a pamphlet with a pen that has so many warning labels. john: a lawyer is cringing and

saying this will protect us from a lawsuit, and it probably won't. we called the companies for all the products and you know what they said? nothing, they wouldn't talk to us. [laughter] >> and to be fair, they've spent tens of hundreds of thousands of dollars, the last thing they want to do is rehash us. this is a problem, they tell us. they want us to increase awareness how we pay if we're not directly sued but they don't want the copycat lawsuits so they don't have to fight it again. john: they're uptight and who can blame them. audience, bob has agreed to let you pick this year's winner. which of the five is the stupidest? the person who submitted that wins the thousand bucks. which is stupidest? the balloon? the lightsaber? the knife warning? the coffee pot?

or the bicycle bell. i should say it's not just the companies who create bad rules, unions do, too. >> my campaign committee will collect in town.

. >> when do we want it? >> now! >> unions have won big gains, $15 minimum wage movement spreading, unions continue to get rules passed that they say will protect their members. rick berman says they hurt most everyone. he runs a group called center for union facts. rules that say we have to employ people even though the job has disappeared. soul remember that you used to lubricate your car when you went to a garage over so many miles. the same thing with construction equipment.

the cranes used for building tall buildings. those things are now self-lubricate bug have a job called an oiler, that guy has to be on the job, he stands around and polishes the crane. john: this is one of the reasons union work costs when they rebuilt the world trade center, part of the union deal was a master mechanic had to be there to make repairs but mechanics don't repair the equipment anymore. advanced machinery is repaired by the crane owner and manufacturer. they're still paid about $400,000 after guaranteed overtime. >> right. unions are a big business. people don't understand that if you take all the unions in america today, annual cash flow is over $20 billion a year. that is coming from dues. you got to have more people on the job, you resist progression, you resist

productivity and you say i need to keep the same people on the job i had before even though i don't need them anymore. it's the joke about how many electricians does it take to screw in a lightbulb? john: how many? >> three, one guy to hold the bulb, one to turn the bulb and one to hold the ladder. john: the $15 wage is successful? >> in a few places, but for the most part the country understands paying somebody $30,000 who doesn't have a high school degree is not the way to get the low-skilled people in the workforce. these are people who are going to be pushed out by technology, you're not going to be able to get the same number of jobs in a mcdonald's because they're going to kiosks. john: earlier i played a clip of a union protest that shut down a mcdonald's, demand the $15 wage for fast-food workers. i assumed the protesters were

fast-food workers. then the reporter asked them. >> i do not work for a fast-food restaurant. >> which fast-food restaurant do you work for? >> i don't work for fast food. john: you call this rent a mob? >> yeah, they pay people to show up, to hold picket signs. they've don't same thing when they go after hospitals. they are trying to pressure companies rather than appealing to employees and in doing so, in pressuring companies, they try to get the companies to cave into some agreement that the employs haven't asked for. >> the big issue now is unintelligible to most people. card check, explain. >> if i want to create a union in a particular workplace, i ask people to sign a card. john: the majority say yes, i want the union, we hand them in, sounds like majority rules. >> right. these card signatures that have been signed in oftentimes intimidating circumstances don't really reflect what the

individual would do in a secret ballot leck, and now what they're trying to do is pass a law saying there are no secret ballot elections. john: that's what you want is a secret ballot. and secrecy sounds bad for people. >> when you go for president, mayor, congressman, you vote in private. that's a secret ballot election. john: his group produced this film which explains why a secret ballot is a good thing as opposed to card check. >> what if labor bosses controlled class elections. >> thanks for your vote. >> want to show you to vote for me is best for you. miss hudgens has just agreed there isn't going to be any secret vote. sign these cards showing you who you like the best, my campaign committee will collect and count them. >> reason number five for the employee rights act. >> you sure about this? john: so the employee rights act which you're trying to get passed would require secret