Quote

I do want the tax system to be efficient and be conducive to growth, which it is not.

Jamie Dimon

Change background

T
T
T

Change font

TAGS & TOPICS

Jamie Dimon
Age: 68
Born: 1956
Born: March 13
Banker
Business Person
New York City
New York
James Dimon
James Jamie Dimon
Conducive
Efficient
Taxes
Growth
System

More quotes by Jamie Dimon

Image
I don't mind paying higher taxes, because I've done quite well and I'm blessed to live in this country.
Jamie Dimon
Image
We continued to build the business, even in the worst of times. We do business all over America.
Jamie Dimon
Image
Dodd-Frank and independent actions of banks go a long way in terms of progress on capital, liquidity, transparency, living wills (plans for winding down a bank in the event of a collapse) and resolutions.
Jamie Dimon
Image
Economies of scale are a good thing. If we didn't have them, we'd still be living in tents and eating buffalo.
Jamie Dimon
Image
I think the Republicans have really thoughtful financial policies, and I'm more in the middle on taxation.
Jamie Dimon
Image
I'm a really big believer - this is not a statement about President [Barack] Obama, but whoever is president - that good policy is really important.
Jamie Dimon
Image
Our plate is full. We have a lot to do building our company organically and that is our key focus.
Jamie Dimon
Image
More people are working, lending is up and savings are up. These are all positive signs for a strengthening economy.
Jamie Dimon
Image
That's probably good, all things being equal, for emerging markets, not bad, even though it may not be great for all their currencies.
Jamie Dimon
Image
Finance went from being a small business, effectively, to being a big business. In part, that's the growth of the world's wealth. That's called savings.
Jamie Dimon
Image
You cannot prove this in real time, but when economists 20 years from now write a book on the recovery, it may well be entitled, It could have been much better.
Jamie Dimon
Image
It can take a long time to get the rules in place that are conducive to growing, sometimes.
Jamie Dimon
Image
The third arrow (of structural reform) is critically important. Japan has some of the best companies in the world, and if you look at their technology, their capability, it's extraordinary.
Jamie Dimon
Image
Companies are returning a lot of money to shareholders through dividends and buybacks. And a lot of people say that's not a good use of capital. I think that's normal reallocation of capital.
Jamie Dimon
Image
You've seen certain credit type products that are going to be in nonbanks, like sophisticated CLO [collateralized loan obligation] tranches and stuff where the capital charge is so high that a bank simply will not own it. Someone will buy it, hedge it, trade it. But it won't typically be a bank.
Jamie Dimon
Image
We've accommodated the new rules and regulations. We've served our clients and had quite good returns.
Jamie Dimon
Image
Don't do anything stupd. And don't waste money. Let everybody else waste money and do stupid things then we'll buy them.
Jamie Dimon
Image
But in general, as countries get wealthier, there's going to be more savings, which means you're going to have intermediation. So part of it is just the huge growth in wealth, and part of it was globalization - these companies, these clients getting much bigger and much more global.
Jamie Dimon
Image
My father and grandfather were stockbrokers, and they would actually take stock certificates from a vault, give it to a runner, and send it to another vault. Then somebody said, Let's digitize it and have one vault. Now the DTCC clears and settles almost everything, and the cost of doing a trade is a tenth of what it was before.
Jamie Dimon
Image
Because of that [Brexit], you're going to have slow growth and, unfortunately, while there may not be huge volatility, there will be volatility.
Jamie Dimon