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


  • ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    The Anti-Imperialist Imperative: Confronting Globalized Fascism
    18 Feb 2026
    Ajamu Baraka, BAR Editor and Columnist, gave this presentation at the U.S. Peace Council Webinar on Iran.
  • Anthony Karefa Rogers-Wright
    A Final Solution to The Human Surplus Problem (Or, How the End of EPA’s Endangerment Finding Also Ends the Farce of Trump “Populism”)
    18 Feb 2026
    Trump's EPA denies that greenhouse gases endanger public health. It is destroying public health protections and confirms that environmental policy serves corporate interests exclusively.
  • Booker Omole
    Statement on Zionist Plans to Create a Mini-State in Kenya and the Lessons from History
    18 Feb 2026
    In 1903, Britain offered Kenyan land to Zionist settlers. That scheme failed. Now, a new attempt is underway in Nakuru.
  • Black Alliance for Peace Nashville Citywide Alliance
    Community Control: No to Privatization & No to the National Guard
    18 Feb 2026
    The militarization of disaster response is an indication that public infrastructure is not a governmental priority. The deployment of the National Guard to aid in times of emergency demonstrates a…
  • Michael Leonardi
    Cyclone Harry’s Mediterranean Massacre: At Least 1,000 Migrants Lost at Sea, Fortress Europe’s Deadly Legacy
    18 Feb 2026
    The Mediterranean is now the planet's deadliest migration corridor. Cyclone Harry exposed how European policies, not just storms, are driving the death toll.
  • Load More
Subscribe
connect with us
about us
contact us