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Fox News contributor Deroy Murdock and Heritage Foundation chief economist EJ Antoni break down New York City Mayor Zohran Mamdani’s \u2018Tax the Rich\u2019 plan and more on \u2018The Bottom Line.\u2019<\/p>\n
JPMorgan Chase Chairman and CEO Jamie Dimon put New York City\u2019s 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.<\/p>\n
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\u2019s talent pool.<\/p>\n
“Every city has to compete. And they have to compete at every level \u2013 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.<\/p>\n
“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?”<\/p>\n
MAMDANI’S WALL STREET COURTSHIP SPARKS CRITICISM OF ANTI-BILLIONAIRE AGENDA<\/p>\n
On Monday, Dimon and Mamdani met in person at the bank\u2019s new headquarters in Manhattan, as the democratic socialist mayor intensifies outreach to Wall Street leaders following backlash over proposals to raise taxes on wealthy New Yorkers.<\/p>\n
After meeting in-person on Monday, JPMorgan Chase CEO Jamie Dimon shared some words of wisdom for New York City Mayor Zohran Mamdani. (Getty Images)<\/p>\n
The meeting was “constructive and the tone was friendly,” a JPMorgan spokesperson told Reuters. According to City Hall, the pair discussed reducing government waste, cutting red tape tied to development projects and expanding public-private partnerships. JPMorgan said the conversation also focused on New York City\u2019s competitiveness.<\/p>\n
“I don’t care what he says. What does he do? I will judge that,” Dimon said. “And so what actually happens, 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\u2026 And so, hopefully, he’ll learn. I want him to do a good job. I’m not against him.”<\/p>\n
United Refining Company Chairman and CEO John Catsimatidis joins ‘Mornings with Maria’ to discuss NYC Mayor Zohran Mamdani’s meeting with the JPMorgan Chase and Goldman Sachs CEOs, the announcement of a second city-run grocery store and more.<\/p>\n
The CEO also expanded on Mamdani\u2019s controversial wealth tax proposals: “I don’t think… people making under a certain amount [should] pay taxes at all. I would agree with that, but when they say, ‘fair share,’ what do they mean? They should give a number.”<\/p>\n
Dimon added that New York City\u2019s existing tax landscape “already” makes the Big Apple uncompetitive, with just 26,000 JPMorgan employees based there today versus 33,000 in Texas.<\/p>\n
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Liz Peek criticizes New York City Mayor Zohran Mamdani\u2019s policy proposals and discusses the future of U.S.-China relations following the Trump-Xi summit on \u2018Kudlow.\u2019<\/p>\n
“The Dallas mayor calls up all the time saying, ‘What can I do to help you? I have land over here,’ you know, and that is pro-business and pro-people-love-living there,” he said.<\/p>\n
“New York\u2019s a wonderful place too, but\u2026 [people] think that somehow being anti-business is going to help a city. It’s not.”<\/p>\n
READ MORE FROM FOX BUSINESS<\/p>\n
FOX Business\u2019 Bradford Betz contributed to this report.<\/p>\n
#Jamie #Dimon #warns #NYC #Mayor #Mamdani #city #compete #lose #talent<\/p>\n","protected":false},"excerpt":{"rendered":"
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