JPMorgan’s Jamie Dimon has blunt message for – Business News
JPMorgan Chase CEO Jamie Dimon cautioned Mayor Zohran Mamdani about his hard-left imaginative and prescient for the Big Apple, warning the millennial mayor that he can relentlessly preach morality and beliefs — but when the town retains struggling, he’s failing to do his job.
“I don’t care what he says. What does he do? I will judge that … because you can talk about morality and ideology all you want, but if things don’t get better, you didn’t do a good job,” the Wall Street titan advised Bloomberg TV Thursday.
JPMorgan Chase CEO Jamie Dimon cautioned Mayor Zohran Mamdani about his lefty insurance policies for NYC. Bloomberg by way of Getty Images
“And my view, and I’m speaking about him now, I’ve seen mayors who make statements, and so they make it worse and worse and worse, you realize, and so they don’t know, they’ll’t get into particulars of why is reasonably priced housing not there anymore? Why does this not work?
“And so, you know, hopefully he’ll learn. I want him to do a good job.”
Dimon’s biting feedback got here after he and different high business leaders met with Mamdani, who has pushed a slate of tax hikes focusing on the rich and companies since taking workplace in January.
The democratic socialist — who campaigned on a tax-the-rich agenda — has proposed jacking up company taxes, socking millionaires with a new 2% income tax hike, and slapping a luxurious levy on second properties value over $5 million throughout Gotham.
Mamdani has pushed a slate of tax hikes focusing on the rich and companies since taking workplace. James Messerschmidt for NY Post
The savvy businessman cautioned that solely time will inform whether or not Hizzoner’s bold lefty politics drive away the people and corporations New York must survive and grow.
“Every city has to compete, and they have to compete at every level — arts, science, schools. That is what it is, I’m not inventing that,” Dimon advised Bloomberg.
“He can be an ideologue, but he has to compete too, and we’ll see. Will he learn that he’s got to make the city a place where people want to grow and build and live and have families and work?” he added, pointing to international powerhouses like Shanghai, Hong Kong, Singapore, and Nashville, Tenn.
“And people vote with their feet.”
