Jan. 07, 2020
Rule Comments, S7-23-19 Comments for Submission: I participate in a pension plan that invests for me. I am deeply concerned about corporate responsibility and corporate entities were created as a mechanism of our capitalist supply and demand society, but that definition no longer fits as supply and demand is not the operative mechanism when that was what this nation was founded upon. The word capitalism is no the operative mechanism that was used when this nation was founded, but rather corporations have gradually eroded these American mechanisms and replaced them with monopoly pricing and corporatocracy, which needs to be reversed. Corporations are not people, and we need to put this into law as they can't go to jail and prison or die after a lifespan at this point, which are inherent and defining physical characteristics of people. I care deeply that corporations be held responsible, despite the more than frequent displays that they make of being amoral and not subject to rules of human decency. Thus, these mat ters must be legislated to tilt in favor of the people--the real people--the majority of the population, who are interested in fairness and democratic ideals in labor standards, human rights, and environment. This means executive compensation must be capped in a ratio of perhaps 1:10 with the lowest paid employee's weekly earnings, and this should not be based upon statistically unreal and manipulated hourly wages, but actual take-home pay on a monthly basis. We need to level the economic playing field in order to retain democratic balance of power for actual and freedom of expression and actions--something that has eroded greatly as corporations are no longer humane in demanding worker adherence to being at work without family leave, as families are becoming sicker and sicker without industrial emissions and pollutions being regulated and without any humane regard for stress placed upon workers. I do not want rules tilted in favor of corporate CEOs. I have watched the way the crooked stock market has destroyed my brother's entire remaining pension in 2019 in unfair, unpredictable ways that showed planning occurring by forces that should not have been present to do that and to prevent his purchases that he had put into the market timely, but the SEC stock-market entities out there were able to transfer his purchases and mess him up in ways that he had not instructed. These maneuvers had not been seen or felt by him prior to 2019. If these were corporate CEOs or if these were just rich investors gaining unfair monopoly control over the 2019 stock market, I am not informed. We need rul.es that are fair to individual small investors. SUSAN MICHETTI [redacted]