December 3, 2016
RE: Campaign Finanacing/Money in Politics
To Whom It May Concern:
My name is Jomi Ogunfiditimi and I am a senior at Central Michigan University.
The Securities and Exchange Commission should require publicly traded corporations and wealthy individuals to disclose their political spending. This is because campaign financing has root causes of: wealth inequality, personal greed, and has long been condoned.
It would be absurd for a small business owner not to know if his or her company’s money is being spent to help elect politicians. The same holds true for shareholders. Both shareholders and the public must be fully informed as to how much corporations spend on politics and which candidates are being promoted or attacked.
The effects of campaign financing present real challenges for myself as well as many people like me. In a society that allows for the wealthy individuals and big corporations to greatly influence politics, those who do not belong to that demographic must simply hope decisions are made that will help everyone that makes up this nation. That the people will be put first every time, and that seems to not be the case. An example in my state of Michigan would be the city of Flint. Corruption and money played a major role in much of what has happened in the water crisis. To me I feel as if that is just another example of the extermination of the black race, and many of the business owners and wealthy have the means to make these deals, while those being effected do not possess the same power if any at all.
I would like for you to vote for policies seeking to make corporate actions within politics more transparent in order to prevent corrupt money in politics. Campaign financing interrupts the democratic process and effectively takes power away from the people and new policies that put a cap on money in politics as well as make the information more accessible would eliminate the issue and the problems associated with it.
Thank you for considering my comment.