Jamie Dimon says the 'Buffett Rule' approach to taxing the wealthy could solve America's debt problem

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• On PBS, Jamie Dimon described the Buffett Rule as a good idea for clamping down on US debt.
• It says richer households shouldn't pay taxes on a smaller share of income than middle-class ones.
• He argued that if the US followed this, it could continue spending while still reducing debt.

JPMorgan CEO Jamie Dimon has put forth a solution to unrestrained US debt: Tax the rich at the same rate as middle-class people, or at a higher rate.