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


  • Jamal Abdulahi
    Saudi Arabia Asserts Dominant Role in the Horn of Africa and the Red Sea 
    21 Jan 2026
    Israel's recognition of a breakaway region in Somalia has redrawn the map of the Horn of Africa, pitting two oil-rich Gulf powers against each other and forcing the U.S. to delay its imperial plans…
  • Monique Welch-Rutherford
    This Texas County Is the Deadliest Place in the U.S. for Black Mothers to Give Birth
    21 Jan 2026
    Harris County, home to a world-renowned medical center, holds the worst maternal death rate for Black women in the entire nation. This staggering statistic represents a systemic failure that subjects…
  • x
    Orinoco Tribune
    Venezuela Rejects CIA Award Rumors While President Maduro’s Son Sparks Backlash Over Comments Suggesting to Resume Diplomatic Ties with ‘Israel’
    21 Jan 2026
    Venezuela's official stance remains one of principled anti-imperialism. Internal discussions reflect the complex realities of navigating a crisis.
  • Ramzy Baroud
    Teetering on the Brink of Genocide: Why Netanyahu is Keen on Prolonging the Gaza War
    21 Jan 2026
    Netanyahu's continuation of the Gaza genocide is integral to the continuity of the zionist project.
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio January 16, 2026
    16 Jan 2026
    In this week’s segment, we discuss the abuse of state power domestically and internationally. In Minnesota, the Trump administration has unleashed ICE, resulting in the fatal shooting of a US citizen…
  • Load More
Subscribe
connect with us
about us
contact us