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.
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 corporations should remember that if we, the consumers, find out later about their donations, that we will be especially upset, and refuse to buy their products! I think corporations 'get it' now...that they have to depend on us, the 99%, to support their companies...the 1% can't possibly buy all their products, and their companies will suffer if the corporations don't level with us, the consumers!
Instead of corporations just 'redistributing' their wealth to ad agencies, lobbyists, and political operatives, they should increase the number of their U.S. workers, pay them better, and develop better manufacturing/services techniques. After all, their employees will be buying their products, and having a multiplier effect in their communities which will aid in sustaining the corporations!
Thank you for considering my comment.