February 11, 2013
Dear Members of the Securities and Exchange Commission:
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.
It isn't "corporations" that spend money on political activities. It is a small group of interconnected individuals who manage corporation's tremendous power and wealth.
They--at the least--should be accountable to the major stakeholders in that wealth: shareholders, employees, users of their products.
Until our court system rules that "corporations" are not people and do not have citizenship rights, our federal institution should at least take marginal measures to protect our political process from the overwhelming concentration of influence in the hands of these small and very motivated cliques of individuals.
Thank you for considering my comment.
Sincerely,
Michael Garrett