What is it about banking executives that have become mega wealthy thanks to crony capitalism and their annual pompous ‘Letter to Shareholders’?
Here’s the latest example.
Dimon goes on to say that “we may need to invoke eminent domain” to urgently speed up investment in climate mitigation yadah yadah.
‘Eminent domain’ means the law that the State can seize private property from the citizens. Yes, he is suggesting seizing private property to build more windmills, I guess. Or solar panels. Or charging points for EVs. The guy is a pompous fool with an undeniably authoritarian attitude.