Garrett Wright(@garrxttt):Jamie Dimon, CEO of JPMorgan Chase, on taxes driving businesses and workers out of New York 🇺🇸 “We had 35,000 in New York City, and now it’s 26,000. We had 12,000 in Texas, and now it’s 33,000. That is because of individual taxes, corporate taxes, state taxes… but also the schools in Dallas have become very good. The life in Dallas… it’s pro-business, and people are living there. I grew up in New York City. In the ’70s, 120 of the Fortune 500 were in New York City. In those 10 years, about half left, failed, or merged out—mostly because of things like taxes and crime. People want to pay fair taxes. That’s not the point. But once you overdo it, people leave.

2026.09.16 16:58

Jamie Dimon, CEO of JPMorgan Chase, on taxes driving businesses and workers out of New York 🇺🇸 “We had 35,000 in New York City, and now it’s 26,000. We had 12,000 in Texas, and now it’s 33,000. That is because of individual taxes, corporate taxes, state taxes… but also the schools in Dallas have become very good. The life in Dallas… it’s pro-business, and people are living there. I grew up in New York City. In the ’70s, 120 of the Fortune 500 were in New York City. In those 10 years, about half left, failed, or merged out—mostly because of things like taxes and crime. People want to pay fair taxes. That’s not the point. But once you overdo it, people leave.