November 26, 2012
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.
There is no possible way to justify the spending of billions of dollars, public or private, on our political system alone. Every dollar spent on campaigning is a dollar that could have been infinitely better spent elsewhere, and every possible step should be taken to reign in spending and give more value to how large amounts of money are spent.
Thank you for considering my comment.