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

  • Black Agenda Radio
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio November 8, 2024
    08 Nov 2024
    In this week’s segment, we discuss whether Donald Trump will maintain or change the foreign policy positions he carried out in his first term. But first, we analyze the 2024 election domestically and…
  • Donald Trump victory
    Black Agenda Radio with Margaret Kimberley
    Leftist Analysis of Trump's Victory
    08 Nov 2024
    Jacqueline Luqman, radical activist and co-founder of Luqman Nation joins us to discuss the 2024 election outcome, a resounding victory for Donald Trump.
  • Trump billboard
    Black Agenda Radio with Margaret Kimberley
    Gerald Horne Discusses Trump Foreign Policy
    08 Nov 2024
    Dr. Gerald Horne joins us from Houston to provide an analysis of US foreign policy in the wake of Donald Trump’s overwhelmming victory and return to the white house.
  • Ajamu panel
    ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    Trump vs Harris - US Citizens Denied the Choice for Peace, People or Planet
    06 Nov 2024
    On November 3, 2024, BAR Editor and Columnist, Ajamu Baraka, participated in a panel discussion entitled "Trump vs Harris - US Citizens Denied Choice for Peace, People or Planet." Black Agenda Report…
  • Margaret Kimberley, BAR Executive Editor and Senior Columnist
    How Trump Won and What Black People Should Do
    06 Nov 2024
    Donald Trump’s victory over Kamala Harris must be a wake up call to Black people. The Democratic Party is a dead end and a movement killer. Our survival depends on getting that corrupt wing of the…
  • Load More
Subscribe
connect with us
about us
contact us