May 1, 2012
Dear members of the Securities and Exchange Commission:
I hope we shall crush in its birth the aristocracy of our monied corporations, which dare already to challenge our government to a trial of strength and bid defiance to the laws of our country." Thomas Jefferson, 1816
"Citizens United" is greed oriented; not Constitutionally moitvated. With great sadness I have seen this greed touch the US Supreme Court.
Isn't this rule like allowing double donations by certain individuals and violating certain campaign contribution laws? How can a corporation donate as an individual: I mean, if I invest in XYZ, aren't I a part of that corporation? How can a corporation be a single life form: it can't breathe, it can't reproduce in the human sense, it can't feel pain, it has no brain? Isn't this taking personification too far?
I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
Thank you for considering my comment.