Jamie Dimon was asked about Sen. Bernie Sanders, I-Vt., targeting the America’s wealthiest, saying that the progressive senator’s stance won’t fix the problems that Americans face.
“What do you say to people like Bernie Sanders, who says it every day, 20 times a day, billionaires and millionaires don’t pay their fair share,” “FOX & Friends” co-anchor Brian Kilmeade asked.
Dimon replied: “I don’t know what he means by fair share.”
“I’ve listened to that my whole life, and I don’t know what he means,” Dimon said. “I mean, I think that we could acknowledge there are flaws and attack the flaws. I don’t think just taxing someone is going to attack the flaw.”
“As a matter of fact, I don’t think most American citizens believe that if we taxed $1 trillion more incentive down to Washington, D.C., that the country be worse off,” he continued. “I think what they believe is that money should be given out to special interest groups and the friends of this politician, that politician.”
Dimon said that the U.S. needs policy that drives growth, citing regulatory policy, immigration policy, merit-based policy and a path to citizenship. He also added that the government should double an individual’s income tax credit.
“Like literally, if you are making $14,000 to $15,000 a year, that the government gives you 12, not just six,” he said. “And I think that would put money in the hands of people working. It would be better social outcomes, more home ownership, less crime, less recidivism, that first rung in the ladder, at least the second rung, and the money to be spent in their local communities.”