April 28, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC to issue a rule requiring publicly traded corporations to publicly disclose all their political spending. America used to honor disclosure, even pride ourselves on honesty.
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.
The entire world is losing confidence in the dishonesty of American buying of votes, Democracy in action does not support such shenanigans. Do the right thing, restore democracy, and stop the vile breaking of our trust by a voting system that runs on merit not money. Corporations are a piece of paper.
Why are you allowing a piece of paper to be a person? The old precedents of the Railroad and Dartmouth College have become way too stretched into another holding pattern of allowing a piece of paper to run our country. That piece of paper was intended to be a charter to be revoked if it no longer met it's merit.
Bring back the the dictionary. Look up Charter corporation. Look up Democracy. The twain should never meet.
Thank you for considering my comment.