January 16, 2014
I am outraged that the Securities and Exchange Commission has dropped the rule requiring publicly traded corporations to disclose their political spending from the unified agenda.
Return the rule to the unified agenda and complete the rule in 2014. [More at letter's end!]
After the Supreme Court’s appalling Citizens United ruling, followed by 2012’s tsunami of election spending, bringing corporate “dark money” into the light should be a high priority for SEC. Giving CEOs the green light to use our retirement savings and investments as a political war chest for partisan interests like the U.S. Chamber of Commerce is exactly wrong. It would be absurd for a small business owner not to know if his or her company’s money is being spent to help elect politicians. Everyone must be fully informed as to how much corporations spend on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC’s web site.
Actually, fictional entities must have Zero political activity, because representation is for humans, and Corporations or even remnant Unions have no right to sway even the election of a dogcatcher. The union members and shareholders may vote, and that is democratic but the other 'vote' is a crime. No penny nor any actual speech should be tolerated from fictional entities. We 99% cannot currently shout down a billionaire while the Republicans maintain that money is speech. The rich have their reward already; they also have a vote, and so do I : one vote per person NOT per dollar.
So bring back the corporate death penalty : charters must be yearly reviewed and satisfied for any corporation to continue existing. Those must serve some public benefit also.
MOVEtoAMEND.org because money is not speech and I need my government back : real problems loom such as Extinctions, Global Warming, Injustice, Wars for Profit, and Inequality. The government of the people should be already blocking these things for the people; but there is a billionaire behind every smokestack, fossil fuel subsidy, wage theft, job export; even Farm Bureau is stifling child labor laws. [q.v. _The Nation_ recent Tobacco 'Leaves of Poverty' issue, Fair Labor Standards Act of 1938]. MOVEtoAMEND !