Wall Street Billionaire Reveals Shocking Economic Proposals

An immensely wealthy and influential Wall Street proponent proposed shocking economic reforms which he believes could help manage U.S. debt and improve the economic situation of the nation as a whole.

JP Morgan Chase CEO Jamie Dimon offered guidance on how to reduce debt: bringing the economy back together.

He said that he wanted the U.S. budget to aim to "maximize growth," by making strong positive investments in infrastructure, Earned Income Tax Credits, and all the while reforming the tax system to increase government revenue.

“I would pay for it by taxing the wealthy more,” he stated to the Bipartisan Policy Center. This is through the "Buffett Rule," a term coined by Berkshire Hathaway CEO Warren Buffett urging for higher income tax rates for households making over $1 million each year against income tax rates for those making less than that threshold.

This has garnered heavy scrutiny by many other rich billionaires who, if this was to be implemented, would face higher corporate tax rates. Despite he himself also having to pay more taxes under this new policy agenda, he has shown strong support among a sea of billionaires with support of elite tax hikes.

He even wants higher military spending, which he believes is omnipotent in a world of increasing geopolitical tensions and rivalries.