Reddit Reddit reviews The Mormon Hierarchy: Wealth and Corporate Power (Volume 3)

We found 12 Reddit comments about The Mormon Hierarchy: Wealth and Corporate Power (Volume 3). Here are the top ones, ranked by their Reddit score.

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The Mormon Hierarchy: Wealth and Corporate Power (Volume 3)
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12 Reddit comments about The Mormon Hierarchy: Wealth and Corporate Power (Volume 3):

u/Gileriodekel · 15 pointsr/exmormon

"The Mormon Hierarchy: Wealth and Corporate Power" by D. Michael Quinn will be the authority on the subject when it comes out in October. Quinn was a BYU professor, church historian, and EDIT: in my opinion on track to be an apostle when he started to learn too much and was excommunicated with The September Six.

 

Till then, /u/Mithryn's research here is fairly thorough.

 

 

This is a good resource for how the church supports Mission Presidents, which is a pretty low level clergy.

u/Medical_Solid · 13 pointsr/mormon

D. Michael Quinn addressed the scope of the finances (holding companies, property, etc.) in his book but I don't think he came up with a specific value. However, his goal was more to address the integration of church leadership in these external finances than to quantify them.

Edit: And I agree with you, it's really frustrating.

u/RodOfIrony · 6 pointsr/exmormon

Alas, I believe it has been pushed back to August. :(

u/atoponce · 6 pointsr/exmormon

According to D. Michael Quinn in his book, Mormon Hierarchy: Wealth and Corporate Power, he estimates that that church members payed $33 billion (with a "B") in tithing donations in 2010.

I did some back of the envelope math a few weeks ago, based on estimated activity rates in the United States, family size, and median income, and came up with just over $3 billion in tithing donations. If the United States is home to 41% of the global Mormon population, and if D. Michael Quinn is right in his guess, then I seriously underestimated my assumptions at about $7 billion in donations.

What's interesting though, is that the church is more wealthy as a corporation than a religion. They have investments in agriculture, real estate, properties, farming, stocks, and much more. Some estimate that the church is worth more than $100 billion, and if so, tithing is making up anywhere from 20-35% of its total revenue.

But the church is bleeding members, and to lose 1/3 of your income would be a serious financial setback for the church. With that in mind, it perfectly clear why the church leadership is spending so much time focusing on "stay in the boat", and other related topics.

But I prophesy that in 100 years, the "Corporation of the Presiding Bishop of the Church of Jesus Christ of Latter-day Saints" won't be a religion any longer, at least not as we know it, but instead will be a literal non-profit, tax exempt, run of the mill charity. It'll be more akin to the Salvation Army than Protestantism.

u/Chino_Blanco · 3 pointsr/exmormon
u/DoubtingThomas50 · 3 pointsr/exmormon

PS - Look for this book to be released very soon:

https://www.amazon.com/Mormon-Hierarchy-Wealth-Corporate-Power/dp/1560852356

I highly recommend Quinn's work. Fascinating, documented, and studious reading.

u/SpaceDoctrine · 3 pointsr/exmormon

Amazon gives the date of February 15, 2017. https://www.amazon.com/Mormon-Hierarchy-Wealth-Corporate-Power/dp/1560852356/

I'm not sure how reliable that is

u/No-Thomas_S_Monsanto · 1 pointr/exmormon

I haven't read it, but this might be helpful. It just came out 3 weeks ago.
https://www.amazon.com/Mormon-Hierarchy-Wealth-Corporate-Power/dp/1560852356