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


  • Rally against sanctions
    Clau O'Brien Moscoso
    Peoples to Peoples Encounters: Venezuela’s Vice Minister of Foreign Affairs for North America In Dialogue with Local Organizations and Social Movements in New York
    14 Feb 2024
    Venezuela's Vide Minister of Foreign Affairs, Carlos Ron, recently met with representatives from various organizations and social movements to discuss the latest U.S. effort to destabilize the…
  • Haitian person holding their fist in the air at a protest
    MOLEGHAF
    MOLEGHAF: Public Statement on the Country's Situation
    14 Feb 2024
    MOLEGHAF released a statement calling for support of the Haitian masses mobilizing for popular sovereignty and vehemently rejects the continued attempts by the United States and the West to force a…
  • Revolt of 1811 path
    Abayomi Azikiwe
    African Emigration and the United States Civil War
    14 Feb 2024
    Through flight and rebellion, enslaved people created the conditions for their on liberation.
  • Press conference during the trial of three police officers
    Mireille Fanon Mendes France
    Does a trial mean justice? Questions asked at the end of Théodore Luhaka’s trial
    14 Feb 2024
    The brutal physical assault against Théodore Luhaka by three police officers, and their subsequent acquittal, is a heartbreaking example of the long relationship between the colonizer and the…
  • Joe Biden
    Tamara Nassar
    “Genocide Joe” sets the tone for US election year
    14 Feb 2024
    Protests have trailed Biden and others in his administration for months in response to the genocide in Gaza.
  • Load More
Subscribe
connect with us
about us
contact us