Jamie Dimon Talks Income Inequality, Saying ‘The Wrong Part Is That The Bottom 30% Didn’t Do Better’

https://finance.yahoo.com/news/jamie-dimon-talks-income-inequality-151515839.html

by TheNonEconomist

17 comments

  1. Article:

    “The wrong part is that the bottom 30% didn’t do better,” Dimon said when asked about skyrocketing wealth among billionaires. “Not that the top 0.1% did so well.”

    It’s a bold statement coming from one of the world’s wealthiest CEOs. Dimon himself is a billionaire. But he insists the key to fixing inequality is growing the economy for everyone. “You can wail at the moon. That’s not going to grow the economy,” he added.

  2. We should have chosen rich parents and a career in usury instead. Massive failure.

  4. Walton and Bezos arguably helped poor people alot.. Jobs and Musk didn’t make billions instead of their employees

    Years ago, yes

  5. This comes from the largest-ever recipient of government welfare and since then, he and his fellow rakes haven’t looked back.

  6. Misleading. He acknowledged the significant wealth accumulation among billionaires but emphasized “the real issue is the lack of improvement for the bottom 30% of the population.” Dimon argued that the key to addressing inequality isn’t to focus on the wealth of billionaires but rather to “grow the economy in a way that benefits everyone, especially the lower income brackets.”

  7. Lol what a fucking knob.

    The bottom did see income increases but all of that was eaten by inflation because all their income goes to basic things that are up way above CPI. These idiots have no understanding of how a 25-50k income household works.

  9. So these morons stating the obvious is now news.

  10. I really hate this man. Everything I’ve read about him is just so terrible, he’s a vile person.

  11. No shit — he’s just restating the problem that wealth isn’t growing for the bottom 30%. Growing the economy in general is his stated solution. The problem is that general growth isn’t doing it. Trickle down isn’t trickling. He vaguely mentioned having his own concepts for tax policy but there’s no mention of what that actually means. The economy grew during Biden but he left office with a negative approval rating and the bottom 50% saying they were being gaslit because _they_ didn’t see the economic growth. So tell us how you’d fix it and then actually push those policies.

  14. This fucktard needs a little deny, defend, depose straight up his ass!

  15. Fuck Jaime Dimon and running his corrupt bank that does business with sex slavers, drug dealers, etc. JP Morgan has paid so many fines that are just slaps on the wrist, instead of people being put in prison.

  16. He knows full well that the two are related. If top 0.1% get tax cuts and do well, they use those windfalls to buy up real estate to then rent out to the bottom 30%, instead of the bottom 30% being able to buy it.
    Money is just weapon to compete for limited resources, giving it to the rich puts the poor at a disadvantage.

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