Billionaire banking executive Jamie Dimon is supporting the Buffett Rule – a policy of increasing taxes on millionaires to reduce the national debt.
The CEO of JPMorgan Chase said he supports the idea that would impose a minimum tax rate of 30 percent on individuals earning over a million dollars annually. This comes as the national debt, nearing a million dollars per American family in 2017, remains a pressing concern.
The Road To A Trillion-Dollar Debt
Dimon – who recently expressed concerns about persistent inflation – offered his perspective in a Wednesday PBS interview. He suggested that reducing the national debt – surpassing $35.12 trillion – is achievable while maintaining significant expenditures on defence, infrastructure, and…
