November 29, 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.
Overall, I would like to see all corporate money come out of elections. I am in no way anti-corporation; I believe they should pay no taxes, but that the personal income tax should be greatly increased so that corporate money is reinvested in its employees. CEO's that ruin their own companies at their stockholders and employees expenses will lose their motivation to do so.
Thank you for considering my comment.