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
    Remembering Jamaica in the East/West Crossfire
    08 Jan 2025
    Jamaicans still remember their visionary leaders, Norman and Michael Manley, and the bloody general election of 1980.
  • Anthony Karefa Rogers-Wright
    NYC’s Congestion Pricing Program Comes with the Cost of Sacrificing Constitutionally Mandated Human Rights of NYC’s Environmental Justice Communities
    08 Jan 2025
    NYC's new congestion pricing program has grave environmental justice implications for poor, working class, and Black communities which will be subjected to increased pollution and poor air quality.
  • Erica Caines
    Bound by Imperialism: Trinidad’s Role in U.S. Agenda
    08 Jan 2025
    Trinidad is experiencing an unprecedented crime wave. The state has responded by militarizing the police and loosening restrictions on their actions. To understand these mechanisms, one must look at…
  • Janvieve Williams Comrie
    The Unrelenting Violence Against Black Youth in Latin America: a Focus on Ecuador
    08 Jan 2025
    The murder of four Afro-Ecuadorian boys is another tragic example of the long history of racism in Latin America. The utter disregard for the lives of Black youth and the refusal to seek justice for…
  • Arnold August
    Liberal Media and Personalities: The Bigger They Are, the Harder They Fall
    08 Jan 2025
    On Dec 11, 2024, it was reported that the post-election audiences for the leading liberal media, MSNBC and CNN, continued to drop: 46% and 33%, respectively. Some of MSNBC’s biggest stars, including…
  • Load More
Subscribe
connect with us
about us
contact us