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JPMorgan Headcount Shift (2015 vs 2026)
Comparison of JPMorgan workforce distribution between New York City and Texas over the last decade.
Primary Sources
Jamie Dimon Says Raising Taxes Won't Help Americans: 'Money Just Goes ...
A video that’s making the rounds on X shows JPMorgan Chase CEO Jamie Dimon slamming how the U.S. government goes about raising taxes, during comments recorded in Washington, D.C. Dimon contends that greater taxes don’t help everyday Americans because Congress directs the money to special interests and lobbying efforts. The video has caught fire online, prompting discussion about federal expenditures and the role of businesses in the political process. Jamie Dimon, CEO of JPMorgan Chase, says that US Government raising taxes doesn’t do anything to help the average AmericanHe says raising taxes does nothing because Congress just launders the money to their friends, special interest groups and “17,000 lobbying groups”“I don't… pic.twitter.com/D1VqlElbjg— Wall Street Apes (@WallStreetApes) April 4, 2026 The video was uploaded to X by @WallStreetApes, and it captures Jamie Dimon, the CEO of JPMorgan Chase, at an event in Washington, D.C. The clip has garnered a great deal of feedback from viewers responding to Dimon’s comments on taxes, corruption, and lobbying in American politics. In the video, Dimon can be heard stating that raising taxes does little to benefit ordinary Americans since Congress funnels the money to friends, interest groups, and lobbying firms. He describes Washington as a “swamp” and states that even big corporations, including banks, are part of the issue as they go after their self‑interest rather than the country’s. According to the post, Dimon said the system fails to channel tax revenue directly to those who need it, asserting that the current approach only expands influence among “17,000 lobbying groups.” It is not clear from the footage when exactly the remarks were recorded, but they appear to take place during a public discussion or meeting. The clip has not been independently verified beyond the social media post. People had mixed responses online to the video from both supporters and critics. Some users supported Dimon, saying his comments were a late recognition of government waste. One person wrote, “Raising taxes to feed a corrupt machine is not compassion,” and another said, “The more taxes we give, the bigger the debt gets.” Others opined that the public is increasingly recognizing widespread corruption, and said, “At least it’s a start” to holding officials responsible. Simultaneously, Dimon was criticized for being hypocritical, with reference to JPMorgan Chase’s previous government bailouts and lobbying. “He’s not l...
JPMorgan Chase CEO Jamie Dimon warns Washington's 9.9% income tax will ...
JPMorgan Chase CEO Jamie Dimon is warning that Washington State’s newly announced millionaires tax is precisely the kind of policy that sends wealthy residents packing, and he laid out exactly what comes next for states that refuse to learn the lesson. Appearing Tuesday morning on Fox and Friends with host Brian Kilmeade, Dimon was asked about a cascade of new tax proposals hitting simultaneously, including New York City’s plan to raise its corporate tax rate from 7.5 to 9 percent, Washington’s 9.9% millionaires tax, and a California billionaires tax referendum. His message to every city and state pursuing the same strategy was the same, and the evidence for it is already sitting in plain sight. Olympia Democrats are pushing this tax anyway. The question is whether they’ll own the consequences. “I tell people, everyone’s got to compete, including cities. And for a city compete, of course, it’s quality of life, it’s your subways, it’s your hospitals, but it’s also individual taxes, estate taxes, corporate taxes, and it drives people out,” Dimon said on Fox and Friends. “So all you have to do is look at California versus Nevada, you know, New York versus Florida, and there’s a huge exodus taking place. It’s not good for the city, and people just make a mistake or just tax these people. But that’s the outcome.” Dimon: Democrats calling tax hikes ‘moral’ are wrong — and people vote with their feet Dimon was equally critical when addressing the moral framing Democrats routinely use to sell these tax hikes. “Very often, people think they’re being moral by doing that, but they’re not,” he continued. “What they’re doing is they’re hurting your own city. And unfortunately, people vote with their feet.” Kilmeade noted that Dallas now has more residents than New York City. When pressed on politicians like Bernie Sanders, who insist daily that billionaires and millionaires don’t pay their fair share, Dimon was dismissive. “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 don’t think most American citizens believe that if we tax a trillion dollars more and sent it down to Washington DC, that the country be worse off. I think what they believe that money be given out to special interest groups and the friends of this politician, that politician. We need policy that drives growth, and that’s regulatory policy, I think immigration policy that we should have allowed more merit based and citizen...
Washington's New Millionaires' Tax: A Bold Move or a Flight Risk?
JPMorgan Chase CEO Jamie Dimon warns that such "tax the rich" policies are a major driver of migration, citing examples like the exodus from California and New York. The debate highlights a fundamental tension: using tax revenue for public good versus the risk of wealthy individuals and businesses relocating to lower-tax states.
Will Washington's Millionaires' Tax Drive The Rich Out Of The State?
Washington signs millionaire tax; Dimon warns high taxes drive migration amid rising mortgages and inflation in 2026.
