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"" High taxes, poor quality of life 'driving people out' of blue states, Dimon confirms
Jamie Dimon sounded off on high taxes and poor quality of life being major factors in the exodus of people and businesses from blue states.
“I tell people everyone's got to compete, including cities, and for a city to compete, of course it's quality of life, it's your subways, it’s your hospitals,” Dimon said.
“But it's also individual taxes, state taxes, corporate taxes, and it drives people out,” he continued.
Dimon compared blue states and red states, saying “all you have to do is look at California versus Nevada” and “New York versus Florida.”
“There's a huge exodus taking place,” he said. “It's not good for the city. And people just make a mistake, ‘Oh just tax these people.’ But that's the outcome. And very often people think they're being moral by doing that, but they're not. What they're doing is they're hurting your own city. And, you know, unfortunately, people vote with their feet.”
https://www.foxnews.com/live-news/jamie-dimon-jpmo... 