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they pay foreign countries their taxes. what is corporate welfare? will you explain that, please? guest: well, let me address his first point because it was a very, very good point this idea of capital flight. money can go anywhere in the world at a moment s notice, just digitally so if canada cuts their corporate tax rate low are the united states, you re going to see a lot of growth in canada as people leave the united states to go to canada or some other country that has a lower tax rate so when you call for higher taxes on corporations, be careful of that very true economic fact. talk about corporate welfare, i agree that giving corporations tax breaks do help, allow them to create jobs, and to deliver the products that a lot of people need. but it distorts the tax code and reyeats all creates all sorts of compliance costs and other distortion that we don t need in the market. so the idea is what we ve been talking about, simplifying the tax code and reducing the burden