February 5, 2013
Dear Members of the Securities and Exchange Commission:
Corporations are organized and exist under the laws of the states wherein they were formed. They were created by the citiaens of their respective states and now they are directing, altering and legislating the activities of the very same citiaens who allow them to exist. The tail is wagging the dog, gentelmen, and this must not be allowed to continue in secrecy.
Corporations are not people.
They are legal entities with the SAME rights and privileges of individuals citizens...NOT MORE. Corporations must not be allowed to do what ordinary, individual citizens cannot do.
Therefore, I strongly support the SEC issuing a rule in the near future that would require publicly traded corporations to publicly disclose all their spending on political activities.
Both shareholders and the public deserve to know how much a given corporation spends on politics (directly and through intermediaries), and which candidates are being promoted or attacked.
Thank you for considering my comment.
Sincerely,
Paul Tate Jr