February 2, 2013
Dear Members of the Securities and Exchange Commission:
It's long past time to end secret political spending by corporations.
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.
As written by the Supreme Court of Georgia in Railroad Co., V Collins, 40 GA 582, "All experience has shown that large accumulations of property in hands likely to keep it intact for a long period are dangerous to the public weal. Freed, as such bodies are from the sure bounds -- the grave -- they are able to add field to field and power to power, until they become entirely too strong for the society which is made up of those whose plans are limited to a single life."
Thank you for considering my comment.
Sincerely,
John David Rose