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Jim Cramer on Jamie Dimon and Collision of Business and Politics

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"Everyone who plows through Jamie Dimon's 67-page annual epistle will have different takeaways..." Jim Cramer pointed out in his Real Money column on Wednesday.

Dimon's annual shareholder letter contained his thoughts on the economy, how the U.S. responded to the coronavirus pandemic and inequality in the United States.

"Me, I look at it as a gauntlet, a challenge to end the selfishness of Washington and business, with so many examples of it including multiple tax breaks for carried interest - a huge break for many of his own clients, as well as for race cars, private jets, horse racing and golf courses. That's what you get, he says, when you have 17,000 lobbyists in Washington," he continued.

"Businesses have tremendous short-sightedness he believes, with the worst being an unwilling to commit to black and Latino neighborhoods, something that could help end institutional racism that holds a huge percentage of our people back from even the remote hope for enough to put dinner on the table. So why not set a minimum wage of $16.50, something that we often hear from Republican economists would stifle small business creation. Dimon clearly disagrees with that notion," wrote Cramer.

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