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


  • Leaders of ECOWAS
    Tanupriya Singh
    ECOWAS Lifts Sanctions on Niger Weeks After Sahel States Announce Withdrawal From Bloc
    06 Mar 2024
    The West African trade bloc has lifted a majority of the sweeping sanctions it had imposed on Niger, including border closures and a freezing of state assets. The move followed soon after Niger, Mali…
  • Destroyed cars in Israel
    Bryce Greene
    Shielding US Public From Israeli Reports of Friendly Fire on October 7
    06 Mar 2024
    Following the Al-Aqsa flood, media reports blamed the Palestinian resistance for well over one thousand deaths. As the dust settles, reports have since emerged indicating that the IDF killed…
  • Black Agenda Radio
    Black Agenda Radio with Margaret Kimberley
    Black Agenda Radio March 1, 2024
    01 Mar 2024
    This week we hear about Haiti - the 20th anniversary of the US coup against President Aristide, and the impending U.S. occupation. But first, the Abandon Biden campaign created in the…
  • Abandon Biden campaign rally
    Black Agenda Radio with Margaret Kimberley
    The Abandon Biden Campaign
    01 Mar 2024
    Jaylani Husseini joins us to discuss the Abandon Biden campaign, the results of the Michigan primary uncommitted campaign, and Israeli war crimes in Gaza
  • Protest sign saying shame on Kenya
    Black Agenda Radio with Margaret Kimberley
    Moise Assassination Investigation, 2004 Coup, and the Impending Occupation of Haiti
    01 Mar 2024
    Dahoud Andre joins us to discuss the latest indictments in the 2021 assassination of president Jovenel Moise, the 2004 coup against Aristide, and the latest US plan for the occupation of Haiti.…
  • Load More
Subscribe
connect with us
about us
contact us