Black Agenda Report
Black Agenda Report
News, commentary and analysis from the black left.
  • Home
  • Africa
  • African America
  • Education
  • Environment
  • International
  • Media and Culture
  • Political Economy
  • Radio
  • US Politics
  • War and Empire
A Real Economist (Michael Hudson) Explains Why HIgher Taxes, Not Lower Ones, Create Jobs
The Real News Network
02 Feb 2011
🖨️ Print Article

by the Real News Network

Barack Obama and the bipartisan quacks of Wall Street and corporate media keep telling us that lower taxes on the wealthy create jobs, the exact opposite of what real economists have known for ages.  For a dose of economic sanity, Paul Jay of The Real News Network interviews Michael Hudson, a real economist, who explains how the U.S. was more prosperous and created more high wage jobs when it taxed 90% of the highest individual and corporate "earners".

Dr. Michael Hudson is, unlike the mopes you see on TV, an economist who actually predicted the real estate, subprime and general financial meltdowns of the last few years. Dr. Hudson is a financial economist and historian. He is president of the Institute for the Study of Long Term Economic Trends, a Wall Street financial analyst, and distinguished Research Professor of Economics at the University of Missouri, Kansas City. His 1972 book, Super imperialism, the Economic Strategy of American Empire is a critique of how the United States exploited foreign economies through the IMF and World Bank. He is also author of The Myth of Aid, and Global Fracture, the New International Economic Order. On today's program we discuss his newest book, in progress, the Fictitious Economy; How Finance is Destroying Industrial Capitalism, and Paving the New Road to Serfdom.

And the Real News Network is exactly what its name says. It's one of the places we at Black Agenda Report go to get OUR news. Thanks to Paul Jay.

Do you need and appreciate Black Agenda Report articles? Please click on the DONATE icon, and help us out, if you can.

More Stories

  • Ann Garrison, BAR Contributing Editor
    When the Revolution Comes
    17 Jun 2026
    Chris Smalls and his best friend, Derrick Palmer, led the first successful drive to unionize an Amazon warehouse. He believes that labor must decouple from the Democratic Party, as he explains in his…
  • Anthony Karefa Rogers-Wright
    Sportswashing: How Capitalism Kills the Game for Poor and Working Class People While Normalizing How Imperialism Oppresses and Kills Them
    17 Jun 2026
    A single working mother could once take her child to a Yankees game for $40, but today that money would not even cover the online service fees. Sporting events have been stolen from poor and working…
  • Raymond Nat Turner, BAR poet-in-residence
    Booing Boss Tweet’s Cruel Reich Cult wherever they go
    17 Jun 2026
    "Booing Boss Tweet’s Cruel Reich Cult wherever they go" is the latest from BAR's Poet-in-Residence
  • 2026 Casa Ben Linder Bluefields Delegation
    Nicaragua and The Miseducation of the People of the United States
    17 Jun 2026
    Nicaragua is a living example of anti-imperialist resistance and people-centered development. The job of those in the U.S. is to fight the lies spread by the media and support this revolution through…
  • Hassan El Bial
    The Pentagon's Information War Comes Home
    17 Jun 2026
    The Pentagon is using censorship to control what Americans see as it carries out aggression around the world. However, censorship and war propaganda did not start with Trump or Hegseth.
  • Load More
Subscribe
connect with us
about us
contact us