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


  •  Military Industrial Complex Poisons Black Town
    Black Agenda Radio with Margaret Kimberley and Glen Ford
    Military Industrial Complex Poisons Black Town
    18 May 2021
    Water and land in the small Black town of Tallevast, Florida, was for two generations contaminated by beryllium refined for Lockheed Martin, NASA and other big players in the US war and space busin
  •  US Fakes ISIS Threat in Congo to Justify AFRICOM Presence
    Black Agenda Radio with Margaret Kimberley and Glen Ford
    US Fakes ISIS Threat in Congo to Justify AFRICOM Presence
    18 May 2021
    The US continues to insist that ISIS is to blame for recent violence in the Congo, where six million people have died since 1996, despite the fact that hardly any Muslims reside in the mineral-rich
  •  October Tribunal to Probe US Crimes Against Humanity
    Black Agenda Radio with Margaret Kimberley and Glen Ford
    October Tribunal to Probe US Crimes Against Humanity
    18 May 2021
    “We’re going to present expert witnesses to flush out” centuries of genocide and other US crimes before an International Tribunal on US Human Rights Abuses, said Jihad Abdulmumit,
  •  Israel Deliberately Provoked Violence
    Black Agenda Radio with Margaret Kimberley and Glen Ford
    Israel Deliberately Provoked Violence
    18 May 2021
    The bloodshed that has taken more than 200 Palestinian lives is the result of “a planned provocation to feed the ultra-right” in Israel, said Sara Flounders,  of the Internati
  • Freedom Rider: The End of Low Wage Work
    Margaret Kimberley, BAR senior columnist
    Freedom Rider: The End of Low Wage Work
    12 May 2021
    The combination of unemployment and additional stimulus support has made staying home a better economic decision than working for peanuts under stressful conditions.
  • Load More
Subscribe
connect with us
about us
contact us