February 2, 2013
Dear Members of the Securities and Exchange Commission:
As we all know, big money can be a game-changer when it comes to electing our leaders. Unfortunately, large donations from a single source, such as a corporation, can corrupt the democratic process. Single donors of large sums seem to feel entitled to special treatment once their candidate is elected--and the candidate seems to be beholden--therefore obedient--to the donor who made his or her victory in the election a "done deal." When our government is riddled by such transactions, it is no longer a democracy but a plutocracy. The larger electorate is not very keen on this type of society!
Knowing which entities are giving large amounts of money to help certain candidates is a good way to ensure transparency and honesty in the process of choosing our leaders. This helps derail any move on the part of elected officials to give special favors to their big supporters--by making any such moves very apparent to the general public!
It's long past time to end secret political spending by corporations.
So I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Thank you for considering my comment.