February 11, 2013
Dear Members of the Securities and Exchange Commission:
I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
This nefarious ability of PACs and corporations to secretly fund candidates has basically sold away the rights of citizens to live in a democracy. These organizations can outspend the rest of us with impunity - they control billions of dollars. So our candidates, in an effort to be elected to public office have to accept the big money in order to gain election.
It's government by the richest, not by the people.
We need eventually to take all private funds out of the election process, freeing elected candidates to govern regarding the needs of their electorate, not some mega corporation's greed.
Thank you for considering my comment.