Jamie Dimon tells NYC’s Mamdani to ‘grow and build’ or watch more jobs flee
CEO says he'll judge Mamdani by actions, not words, noting JPMorgan has more employees in Texas than NYC
By Kristen Altus FOXBusiness
Mamdani doubles down on ‘Tax the Rich’ push, and critics say it’s already backfiring
Fox News contributor Deroy Murdock and Heritage Foundation chief economist EJ Antoni break down New York City Mayor Zohran Mamdani's ‘Tax the Rich’ plan and more on ‘The Bottom Line.’
JPMorgan Chase Chairman and CEO Jamie Dimon put New York City’s new progressive mayor, Zohran Mamdani, on notice, telling the self-described ideologue that city governance is about lower crime and economic survival, not empty "morality" slogans.
Following a high-stakes face-to-face meeting, the Wall Street titan openly criticized far-left tax talking points like "fair share" and warned that treating wealth creators as political punching bags is actively destroying the city’s talent pool.
"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, he can be an ideologue, he has to compete, too," Dimon said Thursday in a Bloomberg TV interview.
"And we'll see: will he learn that he's got to make this city a place where people want to grow and build and live and have families and work?" he continued. "And he's gotta compete with Shanghai and Hong Kong and Singapore and Nashville, and people vote with their feet. So it isn't this morality thing that people talk about. It's like, are you building a great city with lower crime and stuff like that?"
