April 28, 2012
Dear members of the Securities and Exchange Commission:
I am writing to urge the SEC 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.
This disastrous ruling has allowed our politicians to sell their services to the highest bidder. Our politicians and elections can now be legally bought/sold and all hidden behind corporate doors. This is NOT the principles that this country was founded on. We are on very shaky ground here. Many of these same corporations are using their new found powers to get control of social media as well. We are in danger of becoming the type of government that we claim to despise, and not that many steps away. Just as I must report my financial dealings so shouldn't corporations.
Thank you for considering my comment.
Sincerely,
Doris Karnila