The CEO of the world’s largest bank, JPMorgan Chase head Jamie Dimon, appeared on Fox & Friends Tuesday and said he knows exactly why residents are fleeing blue states: progressive policies stink, they’re destructive, and they don’t work.
Any RedState reader already knows this, but apparently it’s news to the Left. Why, leftists seemingly ask, don’t our subjects like the rising crime, homelessness, high taxes, and insane housing costs we bring them? They should know what’s good for them.
Dimon said, yeah, not so much:
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.”
“Unfortunately, people vote with their feet.”
CEO of JPMorgan Chase Jamie Dimon breaks down the “huge exodus” from blue states to red states, saying implementing high taxes is “hurting your own city.”
“Look at California versus Nevada… New York versus Florida and there’s a… pic.twitter.com/EZlMucwK0l
— FOX & Friends (@foxandfriends) March 31, 2026
“Look at California versus Nevada… 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, ‘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.”
Dimon is not everyone’s favorite banker — President Trump is suing him over JPMorgan’s debanking of his companies in 2021 — but it’s hard to argue against his points here.
From Golden to Broke: Billionaires Ditch Newsom’s California, Take $1 Trillion With Them
Despite his strained relationship with the president, Dimon surprisingly backed the operations against Iran and said we should all be rooting for America’s success in bringing down the sadistic regime:
Jamie Dimon, @jpmorgan CEO: “It’s much more important that this be successfully completed, than what the market does.”
Spot on. He understands that the world can’t allow the Islamic Republic to continue holding us hostage, as it’s done for 47 years. pic.twitter.com/3r9BHGLrKc
— Len Khodorkovsky (@MessageFromLen) March 31, 2026
He almost sounds like Trump here:
We should all hope that these bad people are, you know, that we win this thing and clean up the Strait [of Hormuz], and that Iran is no longer a threat to everybody…
The markets will be concerned until it’s over. But I think it’s very important, it’s much more important that this be successfully completed than what the market does…
The Democrats insist that Iran was harmless and there was no need to launch Operation Epic Fury. Dimon threw cold water on that clueless take:
I hear some people say, you know, they weren’t an imminent threat. You know, “threat” means I’m threatening you, I might do something bad.
These people have been doing something bad for 47 years. They’ve been killing people. They’ve been killing Americans. They funded that terrible Hamas thing. Several Americans were killed on October 7th, and so they’ve had proxy wars, they’ve been threatening people…
These are bad people, and they needed to be stopped.
True. Dimon can be controversial, but his points here are spot-on.
Editor’s Note: The 2026 Midterms will determine the fate of President Trump’s America First agenda. Republicans must maintain control of both chambers of Congress.
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