March 28, 2014
I am deeply concerned about the influence of corporate money on our electoral process.
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 investors' money 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.
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.
Are we to allow our government that is the law of the land to be for sale to the wealthy? We are people, not businesses. When businesses and the wealthy have their way, our heritage of freedom and equality are deeply compromised, and laws are passed to enable the wealthy to have more power at considerable expense to the vast majority of American citizens. This has already started and we will soon no longer be a government run by the people for the people. Our American Revolution came about because of a similar set of circumstances. This must change ASAP!!!!!
Thank you for considering my comment.