Jamie Dimon warns "tax the rich" policies drive people out of cities

Jamie Dimon, CEO of JPMorgan Chase, argues that "tax the rich" policies are a major factor in people moving out of cities and states. He emphasizes that cities must compete, not just on quality of life, but also on individual, state, and corporate taxes. Dimon warns that such policies, often perceived as moral, ultimately harm the cities and states by causing an exodus, citing examples like California versus Nevada, and New York versus Florida.