Mar 22, 2012
Securities & Exchange Commission Rule Comments
Securities and Exchange Commission: Rule Comments,
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. FEC, publicly traded corporations can spend investor's money on political activity in secret.
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
IT IS OF MY OPINION THAT CORPORATIONS HAVE A CONFLICT OF INTEREST WITH "WE THE PEOPLE".
CORPORATION DO NOT HAVE THE RIGHT TO BRIBE ANY CANDIDATE TO SERVE THE INTEREST OF THE CORPORATION WHICH IS IN DIRECT CONFLICT WITH SERVING THE BENEFICIARIES OF THE PUBLIC TRUST "WE THE PEOPLE" HUMAN BEINGS!
CORPORATION CAN'T VOTE AND THEREFORE CAN NOT BE A PART OF THE ELECTION OF OUR TRUSTEES OF THE PUBLIC TRUST.
THEY HAVE NO BENEFICIAL INTEREST IN THE TRUST.
THE STATE IS NOT ABOVE "WE THE PEOPLE" AND A CORPORATION IS A CREATION OF THE STATE AND IS THEREFORE NOT ABOVE THE STATE WHICH IS NOT ABOVE "WE THE PEOPLE' THE SOLE BENEFICIARIES OF THE PUBLIC TRUST.
I BELIEVE ANYTHING LESS THAN THIS ARRANGEMENT IS AN UNACCEPTABLE COMPROMISE AND IT PERVERTS THE ELECTION PROCESS!
Thank you for considering my comment.