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


  • The Cradle News Desk
    US Greenlights Syrian Plan to Integrate Foreign Extremists Into New Army
    04 Jun 2025
    After 2011, tens of thousands of foreign extremists flooded into Syria with the backing of western intelligence agencies to help topple the Syrian government of Bashar al-Assad.
  • Palestine Chronicle Staff
    Another Massacre at Rafah Aid Center as Gaza Death Toll Mounts
    04 Jun 2025
    Gaza health officials report mass casualties as Israeli forces shell humanitarian aid distribution points.
  • John Perry , Roger D. Harris
    US Reinstates Funding to Propaganda Outlet: NED Weaponizes “Democracy” in Venezuela, Nicaragua and Cuba
    04 Jun 2025
    After a brief pause, Washington's regime-change efforts against Latin American countries via the National Endowment for Democracy has returned.
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio May 30, 2025
    30 May 2025
    In this week’s segment we talk about jails and prisons in New York City and State and the end of city control of the infamous Rikers Island jail. But first a Washington DC activist analyzes how the…
  • Democratic party where are you
    Black Agenda Radio with Margaret Kimberley
    Afeni on Fighting the Bipartisan Fascist Consensus
    30 May 2025
    Afeni is an activist and lead organizer with Herb and Temple in Washington, DC. She joins us from Oakland to discuss politics in the U.S. and how the people can fight the fascism produced by the…
  • Load More
Subscribe
connect with us
about us
contact us