Posted by:
dydimus
(
)
Date: January 02, 2015 03:05PM
I took this from How the Mormons Make Money--Business Week, Here's the interesting paragraph: The Mormon Church is hardly the only religious institution to be less than forthcoming about its wealth; the Catholic Church has been equally opaque throughout history. On the other hand, says historian D. Michael Quinn, who is working on a book about the LDS Church’s finances and businesses, “The Mormon Church is very different than any other church. … Traditional Christianity and Judaism make a clear distinction between what is spiritual and what is temporal, while Mormon theology specifically denies that there is such a distinction.” To Latter-day Saints, opening megamalls, operating a billion-dollar media and insurance conglomerate, and running a Polynesian theme park are all part of doing God’s work. Says Quinn: “In the Mormon [leadership’s] worldview, it’s as spiritual to give alms to the poor, as the old phrase goes in the Biblical sense, as it is to make a million dollars.”
From the article, even if all members were to stop paying tithing, they could still have cash flow. They may have to liquidate or cell some properties, but it would keep them going for quite a while.
http://www.businessweek.com/articles/2012-07-10/how-the-mormons-make-moneyBe sure to read all 7 pages; I was fuming.
Edited 1 time(s). Last edit at 01/02/2015 03:15PM by dydimus.