February 2, 2013
Dear Members of the Securities and Exchange Commission:
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Additionally, the founding fathers would be appalled at the diminishment of our core democratic values in allowing corporate interests to stand above and beyond normal democratic oversight. Members of the SEC, please bring some balance back to the way we lobby our government in the redress of grievances. I'm afraid if we keep going at this pace, corporate capitalism in it's worst form will become the norm and our downfall as a great nation.
Thank you for considering my comment.
Sincerely,
Michael Korn