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
    STICKUP: MORE for the GREEDY; less for the needy!!
    19 Feb 2025
    "STICKUP: MORE for the GREEDY; less for the needy!!" is the latest from BAR's Poet-in-Residence.
  • Nato Koury
    Guantánamo Bay’s forgotten history of detaining Haitian migrants
    19 Feb 2025
    The threats by the Trump administration to detain migrants in Guantanamo Bay will not be the first time the United States has used the facility for migrant detention. Not too long ago,…
  • Abayomi Azikiwe, Black Agenda Report Contributor
    Malcolm X, Black Nationalism and the Cold War
    19 Feb 2025
    United States intelligence agencies kept close watch over developments in the African American struggle for freedom, justice, equality and self-determination after the conclusion of the Second…
  • Black Alliance for Peace Africa Team
    U.S.-led Imperialism Is Directly Responsible for Turmoil in the Democratic Republic of Congo
    19 Feb 2025
    Western nations are fueling the atrocities Rwanda is inflicting on the Democratic Republic of Congo. Despite the unrelenting aggression, the Congolese people are resisting. International solidarity…
  • Dr.Wilmer J. Leon, III
    Dr. Wilmer Leon: When they tell you about their own, believe them
    19 Feb 2025
    "When people show you who they are, believe them" remains true when we examine the sorry state of the U.S. political arena. Both major political parties have made clear their priorities - and those…
  • Load More
Subscribe
connect with us
about us
contact us