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.
Should corporations be allowed to keep all spending private and secretive, we, as a people, are allowing personal agendas, no matter how diabolical and corrupt, be pushed so that there can be much gained at the expense of us citizens. Should this be allowed, America no longer has any say so and our best interests will not be at heart but that of the corporations and its many big spenders. The people wil no longer hold the reins, the corporations would and they will gladly make us the dust beneath their shoes if it meant holding that much more power at the top.
Thank you for considering my comment.