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


  • Imani Nile
    End the Siege on NYC
    02 Oct 2024
    New York City is a case study of how imperialist violence abroad and state violence domestically are two sides of the same coin. The unfortunate stories of Derrell Mickles and Jordan Neely…
  • Black Alliance For Peace
    NO TO FOREIGN MILITARY INTERVENTION IN HAITI! YES, TO HAITIAN SELF-DETERMINATION!
    02 Oct 2024
    The Black Alliance for Peace stands against the continued attempts to pursue U.N. occupation in Haiti and calls on people of conscience to support the Haitian people in the struggle to achieve true…
  • Julia Wright , Jenipher R. Jones, Esq.
    Statement by Julia Wright, Liaising for the Mumia Abu-Jamal International Collectives & the Leonard Peltier Official Ad Hoc Committee Bandung of the North Conference 2024
    02 Oct 2024
    The Bandung of the North Conference brought delegates from twenty-nine African and Asian nations, to work collectively toward decolonization. Julia Wright and Jenipher R. Jones delivered these…
  • Ali Abunimah
    Hasan Nasrallah Died on the Road to Liberate Palestine
    02 Oct 2024
    Israel's recent assassination of Hasan Nasrallah came as part of a terroristic campaign it unleashed on Lebanon, culminating in the bombings that leveled whole city blocks. Shock and awe has been…
  • Travis Ross
    Imperialist feminism: Canada funds compliance from Haitian human rights groups
    02 Oct 2024
    Canada uses Non-Governmental Organizations (NGOs) to exert soft power and maintain its interests in Haiti. Its "feminist" foreign policy promotes an imperialist neoliberal agenda that funnels money…
  • Load More
Subscribe
connect with us
about us
contact us