April 17, 2012
The right to vote is critical to our democracy. Unfortunately, at election time we see just how unequal the process can be. Money equals power in this country and people can give unlimited amounts of it to support the candidates they support. These same people get special treatment when told that all this financial support can be given anonymously. They have power and anonymity. The average voter has no way of knowing what monied interests support the candidates or what those interests might expect to gain if the candidate is elected.
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.
Thank you for considering my comment.
Mission viejo, CA