February 2, 2013
Dear Members of the Securities and Exchange Commission:
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.
Democracy does not...cannot...function properly when the wealth of some so totally overwhelms that of the majority. Do not continue to condone and create a nation that destroys itself from within by undermining the very democratic principles that it so forcefully tries to sell to other peoples around the world.
Do you really want to live in a country that is owned by the ultra-wealthy few and treats the rest of us as worker bees who have no voice and no choice? Too much money-power in the hands of a few creates that scenario. Transparency is one step toward preserving a nation that is still operating from some democratic principles.
Thank you for considering my comment.
Sincerely,
Diana Sanderson