JP Morgan's Dimon says he would prefer not to buy back stock over time and instead grow the business

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'Growing our business is far better for the economy. Right now we don't have a lot of choices. But over time I really would prefer not to buy back stock,' says J.P. Morgan Chase Chairman & CEO Jamie Dimon on stock buybacks.

 

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I would prefer to tax "rents" so rentiers pay full wage/salary tax on investment income. I would prefer a US tax code that taxes estates heavily to prevent an oligarch class and that taxes individuals at a high enough rate to prevent billionaires, who are a drag on the economy.

How weak and lazy an answer. You don’t want to do anything differently because you don’t want to do anything differently. You are CHOOSING not to change or make a difference. Corruption and Greed x’s Millions.

Imagine the shock of all the smelly libs who said you'd just use your tax breaks to do stock buy backs.

Until the system changes and we tax the shit out of these billionaires and make them accountable for ever penny they earn. If we are taxed that way, they should be taxed the same way, period! 🤷‍♀️

Outlaw Billionaires! They pay slave wages to us poor people to do all work for them. They hoard money to suppress, depress & oppress We the People! Billionaires steal & buy control of OUR GOVT to divert 💰 away from Education & Heathcare They're killing Us

What does that even mean? "Over time I would prefer not to buy back stock"? Before that 'time' passes, he'll have made out - personally -like a bandit on buy backs.

You have thousands and thousands of choices Mr Dimon. What an idiotic statement, spoken like a true oligarch.

Dimon should be in prison for his part in the 2008 economic collapse.

You buyback stock when its at a discount to book value if your a bank otherwise you make investments

Disney & Marvel have a mess on their hands. Their is a growing consumer revolt against Marvel Comics and significant brand erosion. Marvel leaders have refused to respond to comments from their creative staff condemning fans and consumers.

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Jamie Dimon mentions shutdown in JP Morgan earnings release, urges leaders to change toneJ.P. Morgan's Jamie Dimon urged U.S. political leaders on Tuesday to work together in order to sustain business and consumer confidence. print more $USD you mean Main St will now have to be brutalized by these wall st banker scum to recoup the earnings miss Good. No more big banks tied to (and supported by) the federal government. These behemoths need to be beaten back while small and midsized banks should be welcomed and even favored with new policy.
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