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


  • Jon Jeter
    Tell No Lies, Claim No Easy Victories: Liberal Media Blames Trump for Economic Woes That Began Years Ago
    23 Apr 2025
    Corporate media peddle the myth of a pre-Trump economic golden age, but for working-class Americans, especially Black families, the struggle began long before he took office.
  • Anthony Karefa Rogers-Wright
    Neo-Kautskyism: Exposing the Bernie/AOC “Fight Oligarchy” Tour de Farce
    23 Apr 2025
    Lenin called out Kautsky’s fake socialism more than a century ago—today, Bernie and AOC are playing the same game, trading radical change for liberal theatrics.
  • Tunde Osazua
    Dictating Security, Ignoring Sovereignty: The Arrogance Behind AFRICOM’s Strategy
    23 Apr 2025
    African Command's (AFRICOM) heavy-handed tactics in Africa have backfired, exposing U.S. arrogance and fueling a wave of resistance. As Sahel nations reject neocolonial bullying, Washington’s…
  • Essam Elkorghli
    NATO’s Depleted Uranium: The Health Consequences of Freedom and Democracy in Iraq, Libya and the Former Yugoslavia
    23 Apr 2025
    NATO’s depleted uranium weapons leave a deadly legacy—cancer, birth defects, and environmental ruin in war-torn regions. The silent genocide continues long after the bombs stop falling.
  • Jocelyn Figueroa
    Working Homeless People: Laboring Without a Roof
    23 Apr 2025
    For millions, a job is no longer enough to afford housing—yet the myth that homeless people don’t work still dominates public opinion.
  • Load More
Subscribe
connect with us
about us
contact us