February 1, 2013
Dear Members of the Securities and Exchange Commission:
More money should not mean more speech. What corporate law has done is not only reduce the financial liability of owners as originally intended, but limited their legal and political liability as well while amplifying their political voice through collective wealth. This unbalances our political system both directly and by establishing impressions of undue influence and corruption.
Where there is no transparency, people understandably fear the worst. Transparency is actually in the best interest of the government and of corporations, since the scale of any problems and their exact nature will be known and social pressures be brought to bear to correct them. As it is, the system simply instills a lack of confidence and a sense of apathy, which are lethal to a democratic society.