A good reason to support eliminating the tax on dividends, as explained this evening on The Newshour by David Brooks, is that it would help return investment back to where it used to be, all about the dividends, instead of riding stock market prices.

You'd think that AARP would support a measure that would make investing more attractive for retirees, but you'd be wrong, because AARP is an insurance company dressed up as a campaigner for senior citizens. Dividends have traditionally been a source of retirement income, and making them tax free would seem to be even better. But it hasn't been sold that way. It's all been presented as a stimulus measure, to create jobs, and it hasn't gotten much traction.