November 7, 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. To be sure, I was concerned BEFORE the Supreme Court ruling, and find that their ruling, undemocratic and overreaching as it is, to be upending and despoiling of the American political process. In short, we are currently suffering from a United States of America Capitalocracy, with no end or 'fix' in sight.
In particular, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, it is appalling that publicly traded corporations can spend investor's money on political activity in secret.
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. The SEC is not doing its sworn duty to the President and the American people if it does NOT require this...
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.