May 8, 2013
Dear members of the Securities and Exchange Commission:
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.
This is good for publicly-traded companies, but somethng like it must be done with respect to private-equity firms.. There needs to be an addition of a new definition for this type of property; there are actually several different types of property, each with different rights and obligations: 1) personal; 2) private, involving no more than 99 workers and/or owners; 3)social, upon which owners rely on society to provide the 100 or more workers needed to produce an income for the owners -- an income the owners could not possibly otherwise have without the elaborate division of labor on a macro- and micro-scale which society provides to those owners -- this type of property, whether private-equity, closely-held, in a co-operative arrangement or publicly-traded, should be allowed to take positions on public issues and candidates ONLY those who are supported by a simple majority of all stake-holders in that enterprise with one natural person, one vote, in secret balloting.; 4) public (or government property according to the various types of agencies and levels of government, which are usually forbidding to take direct part in elections.
Thank you for considering my comment.