Mar 11, 2012
The Securities and Exchange Commission
Dear Securities and Exchange Commission,
The United States is no longer a democracy. We are a republic by and for corporate interests. They are the true constituents of our elected representatives. They determine who gets elected, with unlimited, anonymous spending from corporate treasuries. Corporate interests can make or break virtually any campaign, and every legislator knows it.
Transparency would go a long way toward restoring representative Democracy. Shareholders must be informed as to how their money is used to support candidates. The public must be informed as to which interests are supporting candidates that purport to represent the public.
The SEC needs to establish a rule requiring publicly-traded corporations to disclose all of their direct, and independent, political spending.