February 1, 2013
Dear Members of the Securities and Exchange Commission:
It's long past time to end secret political spending by corporations. The citizen's United decision basically ended democracy in America. My understanding is that the founding fathers envisioned one citizen, one vote, but when $s can influence votes in a way that gives overwhelming influence of corporations compared to individuaral citizens, there is no longer equality of votes!
So 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,
Rodney McFarland