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.
The founders of our democratic Republic clearly and emphatically warned against the accumulation of wealth and its taking the place of the other kinds of monarchies which had always been a plague and parasite upon us (we Humans). If those framers of our Constitution could see how obscenely-over-blown wealth now effectively rules us, we 'lesser'
folk, they'd spin in their graves, screaming and puking. Someone must serve the interests of the Public according to our founding principles, and someone will...either you as sworn and highly-paid 'public servants,' or we will, by Law and by Right.
Quite sincerely, rw
Thank you for considering my comment.