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

  • Ann Garrison, BAR Contributing Editor
    Congo “Coup” Was Reality TV; Morehouse Congo Protest Was Real
    22 May 2024
    Morehouse College professors protested US complicity in Congo Genocide by unfurling a Congolese flag behind Joe Biden as he addressed the 2024 graduating class. A brief, quixotic coup took place in…
  • Margaret Kimberley, BAR Executive Editor and Senior Columnist , ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    International Criminal Court Arrest Warrants Requested for Israeli Officials and Hamas
    22 May 2024
    Ajamu Baraka, Black Agenda Report contributing editor, discusses his thoughts on the request for International Criminal Court (ICC) arrest warrants for Israeli and Hamas officials with Executive…
  • Raymond Nat Turner, BAR poet-in-residence
    Boss Tweet’s Trial V. Trial of a Freedom Fighter
    22 May 2024
    "Boss Tweet’s Trial V. Trial of a Freedom Fighter" is the latest from BAR's Poet-in-Residence.
  • Clau O'Brien Moscoso
    We Win Peace When We Struggle for It: Cuba and the Zone of Peace
    22 May 2024
    Cuba hosted its international peace seminar during May Day celebrations on the island.
  • Essam Elkorghli
    Africa Liberation Day and the Necessity of Revisiting Our Compass
    22 May 2024
    African Liberation Day should serve as a time to ground ourselves in the history of our people and take those lessons with us as we continue the struggle toward liberation.
  • Load More
Subscribe
connect with us
about us
contact us