March 28, 2014
SEC
I am deeply concerned about the influence of corporate money on our electoral process.
In particular, I am appalled that, because of the Supreme Court's ruling in Citizens United v. Federal Election Commission, publicly traded corporations can spend investors' money in secret.
I am writing to urge the Securities and Exchange Commission to issue a rule requiring publicly traded corporations to publicly disclose all their political spending.
Both shareholders and the public must be fully informed as to how much the corporation spends on politics and which candidates are being promoted or attacked. Disclosures should be posted promptly on the SEC's web site.
When I find out that a corporation is funding a candidate that I think despises and operates in opposition to the US Constitution which guarantees the right to Life, Liberty and the Pursuit of Happiness, I will not buy their products. That means that any corporation that does not label what is in food including GMOs I will not buy from; any corporation that Fracks and endangers water; that discriminates against the rights of minorities, women, and sexual orientation; that puts their employees in danger of their health by working unprotected in dangerous circumstances; that refuses employees a 40 hour work week causing said employees to use Welfare to supplement their income; that refuses unionization; and any of the many other corporate abuses that currently invade the workplace of American citizens, I will not buy from. I want to know what politicians they buy and put into place that brings these abuses into American life. And I want to oppose the elections of said bought politicians.
Thank you for considering my comment.
Sincerely,
Marguerite King