January 18, 2012
The Securities and Exchange Commission
Dear Securities and Exchange Commission,
Millions of dollars are flowing into political super PACs, and that money is completely untraceable. Right now, 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.
It's a shame that it is so very expensive to run for political offices that many good and able individuals do not have the fund to do so. Our democracy is in danger if only the rich and "connected" have the money to buy (run) the elections at all levels of government.