From: Jim Steitz
***The specific commercial and contractual relationships for which corporations are established with special powers should are inherently abused when the same corporations repurpose themselves, and their funds thus acquired, to political ends. Allowing publicly traded corporations that have none of the social, physical, psychological, or other limitations of actual human beings to exercise political influence in the human realm is a fundamental confusion of categories that SEC must correct in its role as overseer of corporations. Please pass a robust rule on political spending disclosure, now and prevent the massive commercial powers of for-profit corporations from being leveraged into political powers beyond the reach of any citizen.***
Iím writing as a member of the public and a retail investor in response to the SECís request for comments on S7-06-16.
Investors deserve to know the ways corporations are buying elections, polluting our environment, affecting our economy, and more. And while corporations have little to no accountability to even their shareholders, disclosure is one solution that requires companies to consider the consequences Ė and the interests of their shareholders -- before making decisions that affect their shareholders and regular Americans.
Itís time for corporations to be honest with their investors and the American people.
Public corporations should at a minimum be required to:
1. Disclose their political spending.
We need to end the secrecy and give investors the information they deserve.