September 07, 2012
A personal note before the form comment;
As the SEC, your main function is to oversee and regulate the financial sector. The SEC would be delinquent in it's responsibilities if it did not force publicly traded companies to disclose their political expenditures. The failure to do so would be disastrous to our democracy, possibly including the demise of America as a viable nation. Political corruption at the national level is at an all time high, with the financially elite buying influence for their interests with donations to politicians. This influence is being used to enact legislation which further erodes the middle class's financial standing in favor of the rich. The middle class is close to the breaking point and if that breaking point is reached the break-up of the middle class will lead to social disruption of such a magnitude that riots and rebellion would be the logical outcome. With the amount of political polarization, and animosity, the possibility of armed conflict between the opposing political viewpoints is very high. A civil war between such entrenched political views, on a battle ground without any fixed geographical locations, would spell the demise of our nation.
The financially elite must be held accountable for their greed and forced to disclose how they are spending their companies financial resources.
Thank you for your time and attention.
Jim Davidson, Bellingham, WA
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC 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.
Thank you for considering my comment.
Sincerely,
Jim Davidson