The Associated Press December 7, 2011, 2:57PM ET

Jamie Dimon rails against 'rich is bad' talk

Jamie Dimon, the CEO of JPMorgan Chase & Co., is railing against bashing the rich.

Dimon was responding to a question at an investor conference about the hostile political environment towards banks.

"Acting like everyone who's been successful is bad and that everyone who is rich is bad -- I just don't get it," said Dimon at the conference, which was organized by Goldman Sachs Group Inc.

Dimon said he's worked on Wall Street for much of his life and contributed his fair share.

"Most of us wage earners are paying 39.6 percent in taxes and add in another 12 percent in New York state and city taxes and we're paying 50 percent of our income in taxes," Dimon said in defense of his fellow Wall Street bankers.


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