November 6, 2013
SEC Comment file 4-637
Dear Comment file 4-637,
I am deeply concerned about the influence of corporate money on our electoral process.
See the thing is the unique founding philosophy of the United States included the concept of egalitarianism. Toward that end individuals are limited legally in the amount they can contribute to political campaigns. Yet somehow money always wins. In this case individuals can donate whatever amounts they wish through their corporations. Bye bye the opinions of the poor and middle class. I for one believe that companies should be profitable. I also believe that this can be accomplished without injury to employees or the environment.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investor's money on political activity in secret. This rewarding of greed is appalling.
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.
Thank you for considering my comment.