Allegations that the LDS Church holds more than $100 billion with Ensign Peak Advisors did not surprise me. The accusations are not be fully vetted, but my concern remains unchanged. As an LDS missionary in Thailand, I sat in a tiny one-room home in the suburbs of Bangkok teaching a recently baptized construction worker. I taught him that tithing was the law of heaven. This man gave a widow’s mite, and the LDS Church took his mite and invested it in an account that may have been used to bail out City Creek Mall.
In a world where children go to bed hungry, our LGBTQ+ youth are marginalized, and women earn less than men for the same work, the LDS Church may be stockpiling billions.
The Book of Mormon speaks to LDS leadership: “…Ye do love your money, and your substance, and your fine apparel, and the adorning of your churches, more than ye love the poor and the needy, the sick and the afflicted.”
This is modern American greed. The wealthy cannot continue to get wealthier while the poor and the needy suffer. It’s amoral that an organization of less than 16 million worldwide should have this much wealth.
Jacob Newman, Millcreek