From: Annette Tchelka
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.
In addition I would like to see a 50 state moratorium or cessation of corporations holding up state governors and demanding double-digit millions in tax incentives or they threaten to move their headquarters, etc. Virtually all the states are bankrupt because of these ridiculous demands. They have resulted in cuts to programs for the elderly, the poor, the disabled, our veterans and huge slashes to education hurting our kids and damaging their futures. Enough is enough with this never-ending greed; it's time corporations paid their fair share. Corporations used to be chartered by the states perhaps we need to go back to that chartering system and hold all corporations accountable. They benefit from the quality of life and infrastructure the state provides and yet they want to leave all the taxes to those who can least afford it.
We need to end the secrecy and give investors the information they deserve.
West Haven, CT