February 9, 2012
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
Secret money--whether corporate or foreign--is antithetical to representative democratic governments.
The Supreme Court, in Citizens United, showed that it has only a theoretical, abstract, and weak understanding of a) what corporations are and b) how secret money can easily coordinate with candidates' own efforts.
I hope that the SEC will require, by rule, that publicly traded corporations must publicly reveal all political contributions and other resources provided to political campaigns and also to referendum and similar political activities.
Full disclosures should be posted in a readily accessible site, such as the SEC's web site.
Thanks for the chance to offer this idea.
Cordially,
Alan Sager