he's right. people must own these great american companies, even íñ?ñ iu own them through a spider. >> individual stocks. >> well that's my job,;tñ?ñ butf you are not going to be attuned ñ?ñ?. >> all right, we continue withk? david. >> the worldview of america plunging. someone says this should have american taxpayers smiling. hi everybody, welcome to forbes on fox. a new poll of 37 nations around the world showing they are not thinking too highly of us. rich things that could be a good thing. also with us is steve's forbes, elizabeth mcdonald and bruce jepson. so it's good when foreigners don't like us? >> consider how it works out. president obama has soaring approval ratings around the world while he led us to eight

years in the row of sub 2% growth. then you look at ronald ragan who's a cowboy and was going to start world war iii. there's a negative correlation. too that degree, i'm happy the world thanks, that there mad that were looking out for ourselves. >> bruce, i think he has a point. what do you think. >> i think reagan and donald are quite different, but ahead of this g20 meeting, you don't want these other countries to have to think we have an unpopular leader. the good news for the president is that is more popular around the world and he is at home. we need these people when were fighting terror and selling our goods and products but i don't think it's a good thing. david: to bruce's point, when you look at the poles, ratings were very high under obama, for

him and the u.s. when a president goes down. >> they all persona. the bottom line is the economy. if they get it moving again in the first two years, those perceptions will change. then how you deal with problems around the world like china and north korea and other issues, performance is the key. you start to get that in line in these polls will change. david: sometimes perception is not reality. i think of nato. remember when president trump was at the summit and they were snickering when he said you have to increase your nato spending? look what's happened. they have come up. they have increased by $12 billion their defense spending so he is making progress. >> yes he is. the head of nato, the secretary there, he's the european had, he said we really have shifted

gears. he said you have to increase your spending on defense creating a dramatically catastrophic micro- flow into europe. the president is now saying we will help europe with tear and yes we will help defend you against russia so he is drawing a line. that's his red line in this sand. he is sticking to his promises. let's look at some specifics for the climate agreement, his decision to withdraw from the paris agreement, 71% of the folks abroad disapprove of that move. then on trade agreement. >> i think trump has done some

great things and some exit things like exiting the trance national partnership. whatever the foreigners think, i don't care. that doesn't mean a lot to me. at the same time all this.ññ?ñ? america's first off. i judge a president based on how much he accomplishes. david: and justin few days he will meet with some of these peopleczñ?ñ? again. she's talking about trump. if you look at how active he's been, dealing with russia, asia, i wouldn't call him

>> i think she's talking directly about him and the trade policies trade proposals. if you look into some of the numbers specifically countries like mexico, that's where we've seen a drop in the opinion of the united states but i think that's because there's been a lot of talk about nafta and changing nafta and that something that's benefited our neighbors to the south. i think we have to think about this at the granular level. >> of course is a dealmaker. we mentioned this many times. he puts out a position, particularly if he will be

you also have rex tillerson who said on several issues he actually disagrees with president trump but he still our secretary of state. it's clear that while trump has taken some hard stances, he allows for disagreement even among his own cabinet. >> yes, i would like to see more people speaking out, relative to that, and disagreeing with them. i think he sort of livesxñ?ñ? is twitter sphere where he is busy tweeting about talkshow hostñ?ñ when he should be focusing on some of these global issues. david: i knew we were going to get to that. i just knew we were going to get to it. and yet he puts out these tweets, and very often i disagree with the tone and a lot of stuff with him, but when it comes to actual stuff he does whether it's an attack on syrians for chemical warfare or getting our nato allies to pony up more money, he get stuff done.

there's the tweet sphere and then there's the real sphere. >> the tweet sphere unfortunately gets in the way of what's going on in the way]pñ? . for example the day he started the latest on, he came out with a great energy speech about what lies ahead for the u.s. energy with natural gas around the world. big stuff. nobody knows about it. >> i think that's what the europeans are focusing on. they are focusing on the most outrageous stuff that gets amplified a thousand times by our media and is picked up by their media in an even worse w way. >> yes the d.c. got you politics machine where the d.c. politicians know they will get on television if they play got to politics. by the way, it's lazy. it's really lazy because are not talking about policies that will get the country moving again. the europeans, i'm sure they're also watching the two immigration measures that came down, here's the poll that matters. what voters have been telling the washington d.c. since 2010, you've lost a thousand seats

nationwide democrats. nancy pelosi has lost more than 5000 seats. >> let me get to rich. nobody except steve travels around the world more than rich does. how about the perception versus what he actually gets done. you mentioned ronald reagan. i understand ronald reagan had sort of the same kind of persona overseas and yet he won the cold war. there are some big things that could happen, despite those perceptions overseas. >> yes, last month i was in southeast asia, i was in thailand and singapore and there is cautious optimism about trump. i agree with john, they wished the u.s. had stated tpp because it opens more room for china, but they appreciate the guy is trying to be strong opposed to trying to be strong opposed to the previouspmñ?ñ? administratin

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david: donald trump tweeted out a message this week about amazon that seem to be endorsing more taxes on the internet. do we really need any more on my taxes? particularly since amazon has already agreed to add sales tax on about half of the stuff itself online. by the way, as of the taping of this show, the white house hasn't clarified but do we need any more taxes on the internet. >> of course not. restaurant in new york with too much is never enough and that's true of politicians. they are never satisfied with what they have. they always want to find excuses for more taxes. for small businesses, this would be disaster. there are over 10000 taxing jurisdictions in the united states. for small businesses, this would be horrible. the advocates say we will exempt small businesses. great so you achieve success and

you get tax. bad thing. leave it alone. we have too many taxes. >> it is true that amazon, on their own accord has added taxes on stuff they sell from their own warehouse, but about half the stuff they sell as third-party vendors, not stuff the they sell. look at the total amount we are spending on e-commerce. 391 billion. just for the first quarter this year was 105 so it will go up from there. that's a lot of tax revenue. >> no, they should not get a free ride on taxes. the big ones can easily work the software to collect from those jurisdictions and the little ones should be given the option of paying a flat rate of 7% with the money going into a national pool which would be divvied up among the states. easy. >> sounds easy but it sounds a little too clever. by the way, the supreme court did rule way back on the issue of this taxing that third-party stuff would be taxed on amazon. >> i hear what bill is saying that i would trust investment advice from anybody in these

scam operations in nigeria than any bureaucrat trying to enact and do what bill is saying. the supreme court did say in 92 that internet company does not have to collect sales tax if you don't have a physical presence. what a clever way for a bureaucrat to add on to that, the internet operation around the country and remotely harass the small mom-and-pop shop. i'm with steve forbes on the. >> you just think of the money, this makes politician salivate. $400 billion a year in e-commerce. even if half of that is taxed, that's a a lot of taxation. $200 billion they could tax into. >> nobody necessarily wants to pay more taxes, but with the congress and white house, we been waiting months, we are in the second half of the first term and we've had no talk about tax reform. what would they use this money for. this potentially could be a good idea if it's for cyber security

or whatever. >> i just can't get away from these crazy washington politicians. this is a crazy idea. they been chugging along for a decade. the idea that they would throw another speedbump in the way of economic growth seems crazy to me. it makes me want to pull my hair out. it's sort of the strange looking glass mentality. if we have stores adding certain benefits or the internet is getting certain benefits that the stores aren't, we don't even the playing field by making the internet the bad guy. we make it easier for everybody. david: you are in the home of the internet, the silicon valley. what do these people think about this. >> they love it. it is absolutely true that the digital companies are taxed less and regulated less than legacy companies and that is a problem,

but sabrina is right. level the playing field and make it easier for the legacy company. i think trump's comment about amazon has more to do with the washington post than it does about amazon. david: i think you're right. but there is a real push on the part of states to get more taxation from the internet. we should mention, massachusetts just recently pulled their idea of a sales tax on the internet because are being challenged by so many people who don't want to pay it. >> that's right. severalrhñ?ñ? senators, democrad republicans have a bill out there trying to set up a nationwide system to have these massive sales tax put on but i'm glad people are pushing back. >> in terms of pushing back, too much is not enough. david: bill, your mind is one of the best minds i know in journalism. however, your idea would make terrific sense if politicians were nothing, had nothing but

good sense, but they don't. they're just greedy sons of -- >> i don't like politicians either all the time but i don't see why amazon and its friends should have an advantage over the mom-and-pop retailers on main street. david: okay will try to hold up one side of the argument will leave it with dell. eric, what you got. >> the morning. as my new book debuts, folks on the left are scrambling protect the swamp lady. big government in d.c. what democrats are doing to protect obamacare is likely proving my point. plus, did hollywood director rob rhino just wage war on president trump? we will see you at 11:30. david: low-wage hourly workers in seattle paying the price for the wage hike. they are actually getting less pay now.

listen. all it took was someone who would insist that i just try. suddenly everything was turned around because they judge you. you tell them i don't need this. no one is going to understand. unless they've been through it, how can they? then one day you realize... you feel so hopeless. i need help-- i need help. you feel so hopeless. then one day you realize... unless they've been through it, how can they understand? i don't need this. no one is going to judge you.

suddenly everything was turned around because they insist that i just try. all it took was someone who would just... listen. [ no[ laughing ] an ] it's driving me crazy come on. [ spitting from tongue ] time for my secret weapon. sports, movies, tv, ah, show me music to distract a minion. [ voice remote click ] oh! [ pharrell starts to play ] [ minion so happy to see screen ] ahh! i'm pretty smart. ahhh! [ lots of minions ] [ mooing sound ] show me unicorns. [ click noise for tv ] ahhh! that works too. find your awesome with the xfinity x1 voice remote. see despicable me 3. in theaters in june.

there is a new study showing the fight for 15 is backfiring on some low-wage workers in seatt seattle. workers there are earning $125 less each month because their employers were forced to cut their working hours. don't say we didn't warn you. >> when you explain to voters

and explain to people why this will hurt them, people understand. you have to spell it out but people get that regulations end up hurting the economy and hurting jobs, allowing for wage negotiation. >> round of applause for sabrina. you called it two years ago. >> i hate to say i told you so, but i do know that when you artificially manipulate wages or benefits, it is going to lead to fewer jobs, less flexibility and the less good workplace for everybody. i think this should be a lesson for other states like washington's neighbor organ that's currently trying to push through and scheduling overtime regulations, it's going to have the same backfiring effect. david: let's look at what i found. 9% reduction, 3% rise of hourly wages and that ended up with $125 less each month for the workers. >> listen, i've seen studies that have gone the other way but i would like to say to some of the ceos that make a lot of money, generally a better wage attracts a better worker. that's generally the rule of thumb i'm abided by and maybe some of these companies need a better marketing plan to pay a

higher wage)oñ?ñ?. >> i don't know. i think we have to think about what actually happens to the workers. the state of maine try to do this recently. guess who protested, the workers. the low-wage workers. they didn't want it because they figured the same thing would happen to them that happen in seattle. >> oh yeah, any kind of artificial wage restrains the ability of people to offer up their services and that's shameful. i think the right has over done it in blaming automation. the minimum wage is inexcusable. >> minimum wagesw

trend. i don't think that's necessarily a bad trend. i agree with bruce, i'm all for higher wages and i applaud those companies that are paying more than minimum wage to attract a higher caliber person, but that has to be the decision of the company. if it's mandated it will backfire. david: we put the boss last because we didn't want to intimidate any opinions. what you think steve. >> the bottom line is it hurts people with the least. in terms of paying higher wages, you've got to get the skills. the people with no skills go into the workforce, they will originally get away low-wage and work their way up to earn a higher wage but that's the way it's done. if laws could make us prosperous we would been zillion errors years ago. david: will states finally learn their lesson or not. >> i sure hope so but states are little experiment so let's hope they learn from one another. >> the5ñ?ñ? petriañ?ñ?ñ dishes.

>> the5ñ?ñ? petriañ?ñ?ñ dishes.

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♪standin in the hall of fame david: we are back with your financial freedom pics. you've got a collection of stocks. >> the vanguard value index fund is a low-cost long-term play on value, that one your return is about 15% over the past five years. >> it's what's called a crowded trait. everybody wants to play like warren buffett. >> fifitbit. why is that your pick. >> live free, live long. it also has a new device for sleep disordered.

>> tdedededededededededededededa lot of people are doing the same thing including apple. >> that's it for forbes on fox. thank you for watching and have a magnificent fourth of july. keep it right here. the number one business continues with eric in cashing in. >> hundreds of thousands of people will die if this bill passes. eric: thousands of people will die, i wish i didn't have to say a prayer this is not me. this is study after study making this point. it is common sense. >> the bill is devastating. >> these cuts are blood money. people will die. eric: getting pretty deep in the democrats concluding the main pieces of my book by proving they will go to any lengths to protect their sacred cow, obamacare, and as you get ready to celebrate independence day, the6wñ?ñ? swamp