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


  • Christina Carrega
    Despite Pardons, Many Formerly Incarcerated Black People Still Face Uncertainty
    29 Jan 2025
    Biden’s final executive order commuted sentences for thousands, but “collateral consequences” remain a risk.
  • Alan MacLeod
    Marco Rubio: From ‘Perfect Little Puppet’ to Most Dangerous Man Alive
    29 Jan 2025
    As a U.S. Senator, Marco Rubio was a consistent war hawk and imperialist. Now as Secretary of State he poses great danger to the world.
  • Black Agenda Radio
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio January 24, 2025
    24 Jan 2025
    In this week’s segment, we will discuss Donald Trump’s efforts to end constitutionally protected birthright citizenship. But first, we will hear about Justin Trudeau, the prime minister of Canada who…
  • Justin Trudeau
    Black Agenda Radio with Margaret Kimberley
    Justin Trudeau and Canada's Legacy of Imperialism and Racism
    24 Jan 2025
    El Jones joins us from Halifax to discuss the legacy of Justin Trudeau, who recently resigned as leader of his party after 10 years as Canada's prime minister. We’ll discuss his foreign…
  • Donald Trump signs executive orders
    Black Agenda Radio with Margaret Kimberley
    Donald Trump Attempts to End Birthright Citizenship
    24 Jan 2025
    Thomas Wolf, Director of Democracy Initiatives at the Brennan Center, joins us to discuss the implications of Trump’s executive order, which denies citizenship to children of undocumented people and…
  • Load More
Subscribe
connect with us
about us
contact us