March 8, 2012
The Securities and Exchange Commission
Dear Securities and Exchange Commission,
As a citizen who believes strongly in the democratic principals of America, I am sick about the millions of dollars coming into these so-called super PACs. There is nothing democratic about the wealthiest members of our nation using their billions of dollars in what is clearly NOT political "speech." Even worse, that money is completely untraceable! As it stands, a corporation could be sinking millions of dollars into a political campaign and the actual owners of the company, the shareholders, would have no idea.
Both shareholders and the public must be fully informed as to how much a corporation spends on politics and which candidates are being promoted or attacked.
I urge the Securities and Exchange Commission to issue a rule requiring publicly-traded corporations to disclose all their political spending.