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


  • Adele Robichez , José Eduardo Bernardes , Larissa Bohrer
    Brazilian Lawmaker From the Landless Rural Workers’ Movement Demands Investigation of “Planned Massacre” That Left 121 Dead
    05 Nov 2025
    The lawmaker states that Governor Cláudio Castro’s operation was “a massacre carried out in secret” and calls for an independent forensic investigation.
  • Roger McKenzie
    The Devastation in Melissa’s Wake and the ‘new normal’
    05 Nov 2025
    Hurricanes might have natural causes, but the tragedy that follows is entirely human-made and a consequence of capitalist greed, asserts Roger McKenzie.
  • Michael F. Brown
    Trump Ambassador Pick Vows to Pressure South Africa Over Gaza Genocide Case
    05 Nov 2025
    The nomination of an ambassador to South Africa who vows to "pressure" the country over its Gaza case confirms that the U.S. considers the practice of following international law to be a punishable…
  • book
    Dylan Evans
    Book Review: The Sword and the Neck – Reading the al-Aqsa Flood by Yanis Iqbal
    05 Nov 2025
    Operation Al Aqsa Flood was immediately cast as unprovoked terrorism. This review examines a work that dares to reframe it as the inevitable act of a people pushed to the brink.
  • x
    ​​​​​​​ Ajamu Baraka, BAR editor and columnist
    Z!0nIsm and Race in the White Empire | w/ Gerald Horne & Ajamu Baraka
    05 Nov 2025
    BAR Editor and Columnist, Ajamu Baraka, joined BettBeat Media alongside Gerald Horne to discuss zionism and white supremacy.
  • Load More
Subscribe
connect with us
about us
contact us