3 ms·
>I used to criticize the big tech companies for stockpiling dozens of billions of dollars instead of investing them into their businesses, but it's only now I c
by ryanmercer 7y ago
>I used to criticize the big tech companies for stockpiling dozens of billions of dollars instead of investing them into their businesses, but it's only now I can see why a move like that was wise.
I'm a member of the Church of Jesus Christ of Latter-day Saints (Mormon). Around December a 'whistle blower' came forth claiming, with extremely limited information available to him, that the Church had as much as 100 billion dollars invested to the press and the IRS [1].
People crawled out of the woodwork to try and vilify the Church for having a considerable amount of money invested legally via one or more investment funds.
Fast forward 3 months, the Church is having to recall missionaries and send them back to their countries of residence, Church buildings are closed worldwide until further notice, the Bishops' Storehouse system that helps local communities via food distribution have added shifts to meet demand for food as unemployment numbers are sky rocketing.
We told the world we save for a rainy day, as we were being accused in December this virus was beginning to spread in China. Now here we are in March with a cushion to keep the Church running while tithes likely dip considerably with unemployment rising as well as being able to assist members and non-members as the global economy grinds to a halt.
The media and those opposed to the Church were quick to rip us apart in December for having a cushion, now they are nowhere to be found when we're in a position to help ourselves and others with that cushion.
Perfect example to go with your comment.
[1] https://www.washingtonpost.com/investigations/mormon-church-has-misled-members-on-100-billion-tax-exempt-investment-fund-whistleblower-alleges/2019/12/16/e3619bd2-2004-11ea-86f3-3b5019d451db_story.html https://www.washingtonpost.com/investigations/mormon-church-...