Jamie Dimon Backs San Francisco Turnaround, Slams California Wealth Tax on November Ballot
Updated
Updated · The San Francisco Standard · Aug 3
Jamie Dimon Backs San Francisco Turnaround, Slams California Wealth Tax on November Ballot
2 articles · Updated · The San Francisco Standard · Aug 3
Summary
Jamie Dimon said San Francisco is on the upswing, reversing his criticism from two years ago and crediting Mayor Daniel Lurie for progress on crime and street conditions.
At a Chase Center appearance, the JPMorgan CEO argued inequality, crime, weak schools and homelessness reflect policy failures, not big business success, and urged corporations and city governments to work together.
California’s proposed wealth tax drew his sharpest criticism: Dimon said it would hurt capital formation and growth, pointing to France and Germany as examples of money fleeing such levies.
On AI, Dimon backed long-term adoption while warning investment excess will eventually reverse; he said workers should be retrained through community-college certification programs rather than "hyperventilating" over job losses.
The remarks framed a centrist, pro-business agenda focused on housing supply, public safety and skills training, while Dimon also hinted at post-JPMorgan plans in media or education rather than a presidential run.