May 26, 2014
Lets look back at what an election really is.
1. The selection of a person or persons for office by vote 2. A public vote upon a proposition submitted.
Who can vote in an election?
Any person who is a U.S. Citizen and 18 years of age or older on or before the day of the next general election may vote in any election if he or she is registered to vote.
Nowhere in these two definitions does it mention that a corporation can vote or participate in an election. So how and why have we allowed our constitution to be bent and twisted to now allow corporations to be able to give money to campaigns. Campaigns should only be funded by the people who are eligible to vote.
A corporation will usually be governed by its shareholders, either directly or indirectly. The most common model is a board of directors which make all major decisions for the company, in theory serving the best interest of the individual shareholders.
We the people give our business to corporations because we like the services or products they offer. We do not do business with them because of their political affiliation, which most of the time is not made publicly know by the CEO or board of directors.
How is a corporation that is either ran by a CEO or a small board of directors able to take money the public has given them and decided which political campaign they want to support using the public’s money. In no way is this a fair system. The people who make contributions for corporations get to throw, now thousands of dollars of other peoples money toward the candidate of their choice. Not only do they have a lot more money to use, but a lot of the money they are using is not even their own. This is on top of the thousands of dollars the rich CEOs and board of directors can give just by themselves.
There are many changes that need to be made to our campaign finance system to bring back fairness. Every American deserves the right to fairly and equally support their candidate of choice. In this day and age of such income inequality we need laws that allow fairness in our campaign finance system where everyone's hard working dollars count the same, from the college student going to classes & working a minimum wage job to support themselves to the wealthy CEO on Wall Street.
We are calling on the Securities and Exchange Commission to take a first step forward and disclose publicly on the SEC's website for both shareholders and the public to see, so that we can be fully informed as to how much the corporations we do business with are spending on politics and which candidates they are supporting.
Thank you for considering my comment.