I use to think it was right that taxes on dividends should be minimized due to earnings already being taxed at the corporate level. Then I did some reading on just how many major US corporations don't pay any taxes at all. So I've changed my mind in the spirit of compromise. Somewhere these earnings need to be taxed, if not at the corporate level than to those investors that benefit from dividends being passed through to them.
And how 'bout Costco deciding to deliver its dividend n December?! If more corporations dedide to do that, we might end up receiving the benefit of a different sort of economic stimulus.