TH Spangler wrote: ↑June 18th, 2021, 3:25 am
One of the linked articles says the LDS has, "$100 billion in tax-exempt accounts in preparation of "the second coming of Christ,". What's the logic behind that? Is that in the book of mormon?
It's not from the Book of Mormon or any other Restoration scriptures. It stems from our penchant for self-reliance and preparedness, but at the church-wide level. My understanding is that the investors (called Ensign Peak) are very good at what they do (I know nothing about the stock market or investing, myself). The current estimate is $120 billion in worth. Most estimates place annual tithing at $6 billion, and whatever isn't spent on running the church, missions, humanitarian projects, etc. is plowed into the investment account.
I don't focus on it because when the end comes, I don't think money, stock portfolios, etc. will be of any use. Tangible capital, skills, and supplies will be far more important than money. I also think personally that we will once again be persecuted along the lines of when the army was sent out against Utah, or when the church was disincorporated and all property seized as part of the Edmunds-Tucker Act. Seizure of the massive property holdings (churches, temples, universities, farms and ranches, and investment property) could become part of a Revelation 12-13 persecution. I think many Mormons (and other conservative Christians --- those who won't bow the knee to the beast) would be surprised if/when this happens. We've become fat, dumb, happy, and complacent in our prosperity and relative lack of persecution.