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


  • Radikha Desai and Ajamu Baraka
    The State of Trump’s Union: Geopolitical Economy Hour with Ajamu Baraka
    24 Apr 2026
    In this Geopolitical Economy Hour, Radhika converses with one of the foremost left political leaders and Black political activist and journalist in the US, Ajamu Baraka. Together, they understand the…
  • BAR Radio Logo
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio April 24, 2026
    24 Apr 2026
    In this week’s segment, we discuss the importance of including African-descended people in discussions around climate change and a just transition from fossil fuel production. But we begin with a…
  • Carmella Charrington
    Black Agenda Radio with Margaret Kimberley
    Deed Theft and the Loss of Black Property
    24 Apr 2026
    Evangeline of the People’s Coalition to Stop Deed Theft, a grassroots New York City organization, discusses efforts to stop deed theft and the need for legislation to protect homeowners. She also…
  • End colonialism
    Black Agenda Radio with Margaret Kimberley
    African Descendants and Just Transition in the Climate Crisis
    24 Apr 2026
    The first International Conference to Phase Out Fossil Fuels takes place in Santa Marta, Colombia, from April 24 to April 29. Anthony Rogers-Wright, a Black Agenda Report contributor, provides…
  • Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Trump Uses Immigration Enforcement to Make America Whiter Again
    22 Apr 2026
    The Trump administration’s immigration enforcement policies are racist and are intended to send even documented Global South immigrants and naturalized citizens out of the country. The evidence is…
  • Load More
Subscribe
connect with us
about us
contact us