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 ‘Collective West’ Declares War on the World
    Black Alliance For Peace
    The ‘Collective West’ Declares War on the World
    09 Nov 2022
    The U.S. remains committed to its efforts at securing hegemonic control of the world, but as always there is resistance domestically and internationally. The Black Alliance for Peace explains in its…
  • Don’t Greenwash Your Climate Crimes by Greenwashing Egypt’s Military Dictatorship
    Y.Y.H. Al-Askar
    Don’t Greenwash Your Climate Crimes by Greenwashing Egypt’s Military Dictatorship
    09 Nov 2022
    As Egypt plays host to COP27, Y.Y.H. Al-Askar – writing under a pseudonym – draws attention to the plight of the tens of thousands of political prisoners in Egypt.
  • Colombia’s New President Reverses US Coup, Visits Venezuela, Pledges Unity in ‘Spirit of BolĂ­var’
    Ben Norton
    Colombia’s New President Reverses US Coup, Visits Venezuela, Pledges Unity in ‘Spirit of Bolívar’
    09 Nov 2022
    Colombia’s first-ever left-wing leader Gustavo Petro took a historic trip to Venezuela, pledging regional unity following the anti-imperialist model of Simón Bolívar. Meeting with President Nicolás…
  • NATO in the Amazon: Petro Plays with Fire
    Roger D. Harris
    NATO in the Amazon: Petro Plays with Fire
    09 Nov 2022
    The US military will operate in the Amazon region of Colombia under the guise of protecting the environment. Gustavo Petro, the newly elected president of Colombia, agreed to this questionable…
  • Briefing: NATO Claims Africa as Its ‘Southern Neighbourhood’
    No Cold War
    Briefing: NATO Claims Africa as Its ‘Southern Neighbourhood’
    09 Nov 2022
    The North Atlantic Treaty Organization claims the African continent as its "neighborhood." NATO is certainly not the defensive organization that it claims to be. Expanding imperialism is always its…
  • Load More
Subscribe
connect with us
about us
contact us