JPMorgan's Jamie Dimon has blunt message for 'ideologue' Mamdani
New York Post • • business
Key Points:
- JPMorgan Chase CEO Jamie Dimon criticized New York City Mayor Zohran Mamdani's hard-left policies, warning that preaching ideology without improving the city's conditions means failing as a mayor.
- Dimon expressed skepticism about Mamdani's proposed tax hikes on the wealthy and businesses, cautioning that such measures might drive away people and companies essential for the city's growth.
- The CEO emphasized the need for cities to compete globally by fostering environments conducive to living, working, and raising families, citing examples like Shanghai and Singapore.
- Dimon supported Jeff Bezos' stance that lower-income earners should not be burdened with income taxes, agreeing that taxes for those making under a certain amount should be eliminated.
- He also criticized Mamdani's public vilification of billionaire Ken Griffin, suggesting the mayor has since sought to improve relations with the business community following backlash.