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


  • Mamdani and Tisch
    Black Agenda Radio with Margaret Kimberley
    Mamdani Reappoints NYPD Commissioner Who Refused to Punish Killer Cops
    28 Nov 2025
    Samy Feliz is an organizer with Justice Committee, a grassroots organization dedicated to building a movement against police violence and systemic racism in New York City and empowering low-income…
  • Congress members
    Margaret Kimberley, BAR Executive Editor and Senior Columnist
    Illegal Orders, Liberal Hypocrisy, and Fake Outrage
    26 Nov 2025
    Democrats recruit military veterans and former intelligence agency operatives to run for office to prove their pro-war credentials. A contrived fight with Donald Trump shouldn’t fool anyone.
  • ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    United Nations Security Council Resolution on Gaza is a Surrender to U.S. Led Global Fascism
    26 Nov 2025
    By approving a U.S. "peace plan" that legitimizes genocide and ends the right to resist, the United Nations Security Council has not just failed Palestine—it has actively consolidated a new era of…
  • Editors, The Black Agenda Review
    EXCERPT: Die Nigger, Die! H. Rap Brown, 1969
    26 Nov 2025
    “Blackness alone is not revolutionary.”
  • Ann Garrison, BAR Contributing Editor
    The United Arab Emirates Use a Black Sport to Whitewash a Genocide in Africa
    26 Nov 2025
    National Basketball Association (NBA) players are 70-75% Black, so the game is commonly referred to as “a Black sport.” Now the United Arab Emirates are using it to whitewash a genocide in Africa.
  • Load More
Subscribe
connect with us
about us
contact us