From: Wayne Carr
Everything that occurs in our nation is based on lies. It begins with lies that corporations and the associations that represent them tell all of us to maximize their profits at any and all cost. They tell lies to the public so we support them by purchasing their products and services, and possibly even an equity stake. They lie to the government and its myriad agencies for the same reason: to get that ever important next dollar. Oftentimes they do not even have to lie to the government representatives, who willing accept anything the corporations tell them as long as a campaign contribution or other benefit is involved. There is so very much wrong with our nation that I am happy to be fifty-eight years old, and hopefully will be long gone by the time the egregious greed and corruption will exact its inevitable toll. I urge you to begin our long climb out of the abyss by enacting strong and sensible disclosure laws.
I'm writing as a member of the public and a retail investor in response to the SEC's 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 — and the interests of their shareholders — before making decisions that affect their shareholders and regular Americans.
It's 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.
Wayne CarrFountain Hill, PA