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.
Corporations are considered "people", in the eyes of the law.
I am a people, and there is no way I can possibly match the amount of financial support (for senators, judges, presidents and
representatives) that a corporation can in order to influence the voting of our representatives, presidents, and, sadly, even our judges.
It also seems malicious, on the part of corporations, to be able to spend shareholders money secretly. Shareholders have no votes on these matters, other than the real "owners" of the companies who own mega-shares and make mega-millions each year and tons more when they retire.
Please; Listen to the smaller, and more numerous, guys on the block. I know you can. I hope you will.
Thank you for considering my comment.