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The vast but little-known fund of the Mormon Church

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Re: The vast but little-known fund of the Mormon Church

#11
Churches should go back to being churches. No reason a religious organization needs a 100 billion warchest.

What they are planning to eventually do with it? Buy off my local pol? Buy Utah and secede? Never mind the advantageous tax treatment enjoyed. This disturbs me.

Re: The vast but little-known fund of the Mormon Church

#12
So I’m officially a Mormon but am not a tithing member or active at all. I’ve asked some of my Mormon friends about this and their response is basically “well of course they are, how else would they build Zion in the city of Independence, Missouri?”. They’ve said that’s where the latter days will be spent a long time ago, and they’re preparing to make that a reality “when the time comes”.

They have a form of socialism called the law of consecration that Mormon society will live under (I believe they might have lived like that in Salt Lake while initially settling there). My seminary teacher, the sweetest woman you’ve ever met, got VERY upset and yelled at me when I said that it sounded like Communism. It still sounds a lot like Communism, though.

It’s truly amazing that they have 15 years worth of tithing for their members saved up. I have concerns though, when my friends family lives in a house where their youngest kid got lead exposure, and they’re barely getting by, tithing their 10%, but the Mormon church is amassing such wealth yet my friend’s family of five is on food stamps. Something feels off there.

Re: The vast but little-known fund of the Mormon Church

#14
post #11

Churches should go back to being churches. No reason a religious organization needs a 100 billion warchest. What they are planning to eventually do with it? Buy off my local pol? Buy Utah and secede? Never mind the advantageous tax treatment enjoyed. This disturbs me.

They’re preparing for the end of the world. They call themselves “The Church of Jesus Christ of Latter Day Saints”, and take that moniker seriously.

Re: The vast but little-known fund of the Mormon Church

#15
post #10

not bad for a group that believes in magic underwear, and that a giant space ship will safe them.

Former Mormon here. I'm scratching my head at what is construed as a Spaceship?

Maybe poster is somehow confusing the Nauvoo Mormon spaceship from The Expanse with official doctrine. (understandable mistake)

Re: The vast but little-known fund of the Mormon Church

#16
post #10

not bad for a group that believes in magic underwear, and that a giant space ship will safe them.

Former Mormon here. I'm scratching my head at what is construed as a Spaceship?

They mixed up Mormons with Scientologists

Re: The vast but little-known fund of the Mormon Church

#18
post #10

not bad for a group that believes in magic underwear, and that a giant space ship will safe them.

Former Mormon here. I'm scratching my head at what is construed as a Spaceship?

> In the distant future of The Expanse, The Church of Jesus Christ of Latter-Day Saints has commissioned the construction of the Nauvoo – a giant spaceship that will carry their “best and brightest” Mormons to a new planet with a new sun. This rich slice of universe-building accompanied the introduction of Fred Johnson, Director of Operations at Tycho Station and the man overseeing the construction of the Nauvoo.

https://observer.com/2015/12/the-expanse-recap-1x04-mormon-s...

Re: The vast but little-known fund of the Mormon Church

#19
post #9

That is just what is uncovered in the investment market with one subsidiary. They also own 2% of Florida[0], huge land tracts in Argentina, Oklahoma and elsewhere, and attractive urban real estate in most major metropolises including apartment complexes in PA. They centralize donation collection of tithes and good will offerings such that about 8% stays back at congregations (based on personal observation as the fina…

It always surprises me that wealthy churches pretend to take Christ seriously, when Jesus was not very fond of amassing money.

I get why the churches do it (of course they don't believe in Christ), but why do the exploited masses believe them?

Re: The vast but little-known fund of the Mormon Church

#20
post #11

Churches should go back to being churches. No reason a religious organization needs a 100 billion warchest. What they are planning to eventually do with it? Buy off my local pol? Buy Utah and secede? Never mind the advantageous tax treatment enjoyed. This disturbs me.

I would be happy if churches had exactly the same status as any other business. Nothing less, nothing more.
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