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


  • Middle East Eye Staff
    New York state sends police chiefs to Israel for 'counterterrorism' training
    17 Sep 2025
    This is the second training visit for US officers that has been hosted by an Israeli government agency during Israel's war on Gaza.
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio September 12, 2025
    12 Sep 2025
    In this week’s segment we discuss a new book analyzing the need to confront counterinsurgency and fight against repression domestically and internationally. But first we hear from an activist on the…
  • DC
    Black Agenda Radio with Margaret Kimberley and Glen Ford
    Organizing Against the Trump Takeover in Washington
    12 Sep 2025
    Afeni is an activist and lead organizer with Herb and Temple in Washington, DC. She joins us from Washington to discuss Donald Trump’s declaration of emergency power to take over the operations of…
  • Joy James
    Black Agenda Radio with Margaret Kimberley
    Confronting Counterinsurgency: Cop Cities and Democracy's Terrors
    12 Sep 2025
    Joy James is a scholar and a political philosopher who works with organizers. She is editor of the new book Confronting Counterinsurgency: Cop Cities & Democracy’s Terrors, which is published by…
  • Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Super Predators, Born Criminals, and the Black Misleadership Class
    10 Sep 2025
    The treachery of the Black misleadership class knows no bounds. While Trump’s latest racist dog whistle about “born criminals” is condemned, double-talking scoundrels may pretend to be horrified…
  • Load More
Subscribe
connect with us
about us
contact us