March 30, 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.
If this unlimited and undisclosed money is not regulated, our one vote for one person rule will be eliminated along with our democratic government run by the people. Corporations and rich billionaires are not people and should not be allowed to infuse all this money into our politics to continue to buy the laws which make them increasingly richer creating severe income inequality here in America. They have become too big to fail with no consequences for tanking the economy or polluting the environment. PLEASE ISSUE A RULE TO REGULATE POLITICAL SPENDING IN OUR COUNTRY LIKE OTHER COUNTIES such as Canada, Australia, Germany and others.
Thank you for considering my comment.