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


  • Raymond Nat Turner, BAR poet-in-residence
    One Spring Day …
    09 Apr 2025
    "One Spring Day …" is the latest from BAR's Poet-in-Residence.
  • Oliver Robinson
    Trump Terror, Complicit Local Leadership, and the Assault Against Southeast D.C.
    09 Apr 2025
    Donald Trump’s new “Safe and Beautiful” task force is little more than a thinly veiled assault on Black working-class communities in Southeast D.C., accelerating policing, displacement, and white…
  • Orinoco Tribune
    Ecuador’s Ex-Diplomat: Far-Right Can Do Anything to Sway Election (Interview)
    09 Apr 2025
    As Ecuador heads into a pivotal runoff election, left-wing candidate Luisa González emerges as the favorite—but the shadow of foreign interference and political violence looms large. In an exclusive…
  • Institute for Justice and Democracy in Haiti
    Remembering Mario Joseph, BAI Managing Attorney
    09 Apr 2025
    The world has lost a champion of justice with the passing of Mario Joseph, a Haitian human rights lawyer who spent nearly three decades fighting for victims of state violence, cholera negligence, and…
  • Palestine Chronicle Staff
    Sole Survivor of ‘Paramedics Massacre’ in Rafah Exposes Israeli War Crime
    09 Apr 2025
    Monther Abed, the sole survivor of the Israeli attack on paramedics in Rafah, reveals the details of the crime in which 15 humanitarian workers were killed.
  • Load More
Subscribe
connect with us
about us
contact us