It's hard to disagree about the beuracracy and litigiousness of the country.<p>But that doesn't mean that he's correct that the core issue are the restrictions put on banks 5 years ago. That is so self-serving. Remember the banks got bailed out after the recession; but the people lost their homes. More money has flowed to the top during this time period, making lives harder for average Americans.<p>It's hard to be sympathetic to Mr. Dimon.
This is transparently self-serving.<p>1. The US remains one of the least bureaucratic, least regulated countries in the west to do business. We have at-will employment, low unionization, relatively minimal mandatory benefits, trivial incorporation, and reliable and well-understood corporate and civil law. The idea that Jamie Dimon wanders the Earth and finds every other country more congenial to to business is laughable.<p>2. Dimon, a Trump ally, would sorely like the US tax code tilted further in the favor of corporate ownership and financialization. He's happy to leave out the part about how his industry nearly blew up the world economy, and was supported for years during the Obama administration by bailouts.<p>It's possible that there's good policy behind lowering the corporate tax, which is distortive and inefficient. On the other hand: DC is "dysfunctional" for a reason. The system was designed specifically to keep public policy from whipsawing between extremes every time a new party took office. If he's embarrassed to be a citizen of a country like that, he has more than enough means to secure citizenship somewhere else. Don't hold your breath on that happening.
It's always hilarious to listen to a Harvard billionaire banker tell us what he thinks would be good for "average Americans". Let me go find some cake to eat.
I wonder if he's aware that it's the government that keeps him from being hung by his ankles at the earliest opportunity by the world's poor and hungry as they reclaim their fair share of the obscene level of wealth he has accumulated.
Jamie's right. Imagine how much benefit the US could get if Apple was able to repatriate its hundreds billions in overseas profits without losing over half to taxes.