Time to Eject?

For those of you invested in stocks, here is a sobering article from today's Wall Street Journal. Generally speaking, the economy stinks. This is a technical term, but you ain't seen nothin' yet. As Donald Luskin writes, literally trillions in tax hikes kick in on January 1 and included in these are new taxes on stock dividends. The top dividend tax rate will increase from 15% to 43.3%. This means that where previously a stock yielding a dividend of $10 per share would net the investor $8.50 after taxes, it will now only net him or her only $5.66 after taxes. This means stock prices will have to decrease in value approximately 30% in value to again yield 8.5% after taxes. Along with the sterling housing market, I think a 30% hit on the Dow is a great way to bring the economy back. Are these guys idiots or what?

online.wsj.com/article/SB10001424052702304743704577381851218376744.html?mod=WSJ_Opinion_LEADTop