FedEx founder Fred Smith in The Wall Street Journal:
On free trade:
“I think the best thing the United States could do is to unilaterally disarm. It should open up markets. The agricultural subsidies are terrible. They’re just immoral.”
On taxes:
“If we had a lower corporate tax rate with the ability to expense capital expenditures, guess what? We’d buy more [Boeing] triple sevens. We absolutely have to cut the corporate tax. Our current tax rate is about 38%. Even Germany has a 25% rate.”
On human capital:
“We restrict immigration when we have thousands of highly educated people that want to come to the United States, and some of our greatest corporations [are] crying out that we don’t have the scientific talent that we need to develop the next generation of innovations and inventions . . .”
