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Old 09-03-2008, 08:43 PM   #2
Levin
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I don't think it would be the Church's policy to horde cash like this. I would hope they'd have Buffett's philosophy, which is spend it or lose it. He told the Gates Foundation that they had to spend a certain percentage of his donation each year, all of which had to be spent within a certain time frame. I forget the exact numbers.

I think this should be the philosophy of the Church -- the tithes and offerings should be spent. Sure, there should be a nest egg for insurance purposes, but $5 billion would not be the appropriate size, IMO. Anyways, if tithing donations completely fall off a cliff, do we really think the tithes of years past should subsidize the less faithful church? Also, it shows a lack of faith to horde the money. Prudence says $1 billion, not $5 billion. I would have issues if that were the case.
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