i think even poke fun, brad delong -- brad klug men.i think larry summers called it a misreading of the literature and i would say if you look at the evidence he puts forward t about the 1% i think even states the evidence in the book and that most of the evidence points to the fact 70% of the wealth of the top .1% has come from self-made business founders, not from public company ceos negotiating with their cronies. kaplan studies at the university of chicago shows ceo pay has and outstripped private company ceo pay for the people sitting on the board of private companies own the business. you are not negotiating with your cronies. the to growth rates have been very, very similar which is an indication that public companyno boards are not increasingly doing their job less and less effectively. if anything we see faster turnover in ceo pay. i mean 10 years have gotten shorter overtime. >> you're skeptical about education, skeptical about a wealth tax. what would you do? >> one of the things i saved thr status quo is this for a reason, s

i don't think -- i think even paul klugman, brad delong, larry summers have been critical that there really is no underpinning. i think larry summers called it a misreading of the literature. and you look at the evidence that he puts forward about the 1%, i think he misstates the evidence in the book and that most of the evidence points to the fact that 70% of the wealth of the top .1% has come from self-made business founders, not from public company ceos negotiating with their cronies. i think another thing you look at is kaplan studies from the university of chicago that shows ceo pay hasn't outstripped private company ceo pay where the people sitting on the board of private companies own the business. so you're not negotiating with your cronies. the two growth rates have been very, very similar which is an indication that public company boards are not increasingly doing their job less and less effectively. if anything, we see faster turnover in ceo pay. i mean, ceo tenures have gottennen shorter over time. >> host: okay. so you're skeptical about education, you're skeptical about