Jamie Dimon, who made $31 million last year, thinks wealth inequality is a problem
Warren responded to Cooperman's remarks by tweeting: "One thing I know he cares about—his fortune." She then criticized Cooperman's investments in student-loan companyand said she cares "about an entire generation of students being crushed by student loan debt."
But while J.P. Morgan's Dimon is worried about growing wealth inequality — a Credit Suisse report from last month said— he reprimanded Warren and others for their criticisms of the wealthy. "Anything that vilifies people, I just don't like. I think that most people are good; not all of them," Dimon said in the Sunday interview. "I think you should vilify Nazis, but you shouldn't vilify people who've worked hard to accomplish things.". He said J.P. Morgan Chase's board of directors sets his salary and "I have nothing to do with it."
He reiterated, however, that there are solutions to wealth inequality, such as changing the U.S. miniumum wage and lowering taxes for the poor and the middle class. "The problems are real, it does not mean free enterprise [is] bad."
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