Discussions toward a better understanding of LDS doctrine, history, and culture. Discussion of Christianity, religion, and faith in general is welcome.
1smartdodog wrote: ↑Wed Dec 18, 2019 1:02 pm
If the church is a corporation sole as i understand, does this not make RMN guy at the top the richest dude on earth?
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No. They arent allowed to access it personally. They are executors. (Of course there is wiggle room there. Brigham Young borrowed money interest free from the church for his businesses and was loaded.)
The real question is will the powers that be allow a rogue religious organization to retain that much power? My guess is no.
The president of the church has the power to dispose of any church property in any way he sees fit, so he can use it for any purpose he wants to, including gifting it to himself. At least, that's how the articles of incorporation read to me.
Of course, gifting himself $100B would mean paying a lot of tax but I don't know that anything would stop him from doing it if he really wanted to.
fetchface wrote: ↑Mon Dec 23, 2019 11:09 am
The president of the church has the power to dispose of any church property in any way he sees fit, so he can use it for any purpose he wants to, including gifting it to himself. At least, that's how the articles of incorporation read to me.
Of course, gifting himself $100B would mean paying a lot of tax but I don't know that anything would stop him from doing it if he really wanted to.
I agree. Legally, he owns all of it, cash and assets. If everyone were to leave the Church right now, he could close all the Church-owned buildings and sell them.
There are 2 Gods. One who created us. The other you created. The God you made up is just like you-thrives on flattery-makes you live in fear.
Believe in the God who created us. And the God you created should be abolished.
PK
