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From nothing and maybe they succeed very quickly, it takes them a while to figure out that they even have any power in the world at all. >> he tells me why he launched the parker foundation backing it with a $600 million donation and why he doesn't want it to play by the rules. >> there are just too many of these massive institutionalized charities. we need more philanthropists to deploy more quickly within their lifetimes. gates and buffett have signed up to this idea themselves. >> the way he puts it the geeks were not supposed to inherit the earth, but in many respects they have and the hug...

Business round table, those who oppose the tpp are accepting the status quo and that it is damaging american workers, what's your response to that? >> my first response is prior to nafta and pntr with china and prior to the agreement with korea and columbus the status quo was better than what we have now. we had a very small trade deficit, now we've got huge trade deficits from nafta and unbelievable debt from china and ed, you made a point with how many hundreds of millions of dollars last year, let me tell you, if you go from the start of pntr with china until now we're talking a wealth tran...

>> look, i share that frustration and shake my head, as well. if you look historically ed, at the results of these trade deals, if we go back to nafta, and then you go with the preferential trade agreement with china, depending on which economy you accept, the accumulated trade debt, if you want to talk about debt in america the accumulated trade debt just with china is over $7 trillion. if you accumulate a trade debt since the passage of nafta, it is over $11 trillion. you don't see that debt on the books because what it is is a wealth transfer. so historically, since the passage of the trade...

Republican for the time being can point score on that because democrats at any time sell the fact that this is a wealth transfer from very wealthy people to people who didn't have health insurance. maybe it will benefit us in the long run. it will hurt people in the short term and the president didn't lead with that. >> peter, the architect of both romney care and bom caobama car this reaction. >> governor romney is being very disingenuous. he dereceivers credit for making the program work this massachusetts. but what he's not admitting reason it worked is because the federal government paid f...

>> you don't live in florida. >> so now you got to move to florida to get the blue shield cheaper insurance. >> it's just one example in florida. >> there's two lessons here for young people. whenever you are encountered by charm and celebrity to sell something, you're going to get screwed. because the people getting screwed right now are the young people when you look at the spread of premiums. they're the ones getting screwed. and all they did was listen -- if you hear scar jo, say no. that's what you remember. >> scarlett johansson. >> thank you. >> great lesson, you will always pay more fo...