Members of The Church of Jesus Christ of Latter-day Saints in the News

[BigFatMeanie]

Who gives a shit that he made a lot of money on his business. It isn't like he leveraged his position as a church leader to make that money. If he did then I could understand a complaint.

I'm guessing folks who are jealous, covetous, envious, or greedy are the ones who are giving a shit.

[clackamascoug]

Speaking of which. My daughter will need a NIL sponsorship when she gets back from her mission in 14 months. I'll be sure to remind you when the time comes.

I'm thinking when the story is told - you'll be embarrassed by your hubris. I forgive you in advance - and we'll see.

I don’t know much about the story but if this windfall is from a company he started 40 years ago and built up, then I don’t understand what all the fuss is about. He’s going to not enjoy much of that money since he’s working 7 days a week until the day he dies. I would also expect a lot of that money will go to charitable causes.

It's been called a lot of things - but the Corporation of the President isn't known for being a charity.

[Northwestcoug]

The presence of billionaires is a moral failing of society.

However, until wealth is more evenly distributed (hasten the day), the church shouldn't punish Stevenson for the success of his business.

[clackamascoug]

The presence of billionaires is a moral failing of society.

However, until wealth is more evenly distributed (hasten the day), the church shouldn't punish Stevenson for the success of his business.

That's the purpose of the columns - when an algorithm assigns you to a random person. You'll see.

[BigFatMeanie]

The presence of billionaires is a moral failing of society.

However, until wealth is more evenly distributed (hasten the day), the church shouldn't punish Stevenson for the success of his business.

Agree to disagree?

[Clark Addison]

I'm guessing folks who are jealous, covetous, envious, or greedy are the ones who are giving a shit.

No, I am all of those things and I don't really care.

[BigFatMeanie]

The presence of billionaires is a moral failing of society.

However, until wealth is more evenly distributed (hasten the day), the church shouldn't punish Stevenson for the success of his business.

Also, regarding "hastening the day" of more even redistribution of wealth:

You are welcome to get started on the hastening by significantly increasing the percentage of your income you give to others. In fact, you are free to make voluntary contributions to the US government to pay down the national debt - thus relieving the burden for future generations: https://www.treasurydirect.gov/govt/.../gift/gift.htm There is no better time to hasten than the present, so get hastening!

EDIT: Back in 2012 Americans donated $7.7B to reducing the national debt!

[old_gregg]

the sltrib piece on this is unsurprisingly a pile of financially and legally illiterate nonsense. he’s not getting paid $1b in cash and in fact will be locked up from getting liquidity for 18-24 months (think the s-1 notes a $2.5m carve out or something from the lockup). funny that they also only mention the top of the range for pricing: stevenson is subject to a $200m swing (in hypothetical dollars, of course) depending on where it prices.

and who cares if he founded the company 40 years ago or if he worked at a private equity firm that invested a month ago? in either case the transactions would be fair and square. people continue to be aggressively stupid. go take a risk, losers.

[old_gregg]

and the stone cold irony of a paper owned by paul huntsman being on the warpath about some obscene and impliedly untoward transfer of wealth. loser.

[Northwestcoug]

Also, regarding "hastening the day" of more even redistribution of wealth:

You are welcome to get started on the hastening by significantly increasing the percentage of your income you give to others. In fact, you are free to make voluntary contributions to the US government to pay down the national debt - thus relieving the burden for future generations: https://www.treasurydirect.gov/govt/.../gift/gift.htm There is no better time to hasten than the present, so get hastening!

EDIT: Back in 2012 Americans donated $7.7B to reducing the national debt!

I won't give the US more money that I am legally obligated to. But I also won't be too mad if tax laws are changed so I do pay more.

I'm not surprised to get push back from that comment. But c'mon, are there any billionaires here? Is there a chance that anyone here will ever become one? It's not like I'm threatening your livelihood. And I'm not threatening billionaires' livelihood either.

[All-American]

I won't give the US more money that I am legally obligated to. But I also won't be too mad if tax laws are changed so I do pay more.

I'm not surprised to get push back from that comment. But c'mon, are there any billionaires here? Is there a chance that anyone here will ever become one? It's not like I'm threatening your livelihood. And I'm not threatening billionaires' livelihood either.

I'd like to think that I'll be one someday. But then, I still haven't given up on playing QB for BYU.

[old_gregg]

I won't give the US more money that I am legally obligated to. But I also won't be too mad if tax laws are changed so I do pay more.

I'm not surprised to get push back from that comment. But c'mon, are there any billionaires here? Is there a chance that anyone here will ever become one? It's not like I'm threatening your livelihood. And I'm not threatening billionaires' livelihood either.

what is your fix for this scenario? because if it involves people not being incentivized to take money off the table in ways that would create wealth over a threshold, that certainly threatens the livelihoods of people on this chat blog and their immediate families. by the way, bro stevenson will be paying a cool couple hundred mill in cap gains (depending on how much of this is sitting in a donor advised fund earmarked for charitable donations to the church, usu, byu, etc.)

[Moliere]

The presence of billionaires is a moral failing of society.

However, until wealth is more evenly distributed (hasten the day), the church shouldn't punish Stevenson for the success of his business.

Says the wealthy guy without a hint of irony

[Moliere]

Riled up og is the best og.

im all for higher taxes on the wealthy and certainly on people like Huntsman that inherited their wealth, but wealth isn’t a zero sum game so the presence of billionaires doesn’t mean people are starving.

and I agree the reporting in that article is awful but it’s written for a financially illiterate audience

[All-American]

Riled up og is the best og.

im all for higher taxes on the wealthy and certainly on people like Huntsman that inherited their wealth, but wealth isn’t a zero sum game so the presence of billionaires doesn’t mean people are starving.

and I agree the reporting in that article is awful but it’s written for a financially illiterate audience

If so all the more dumb, because the financially literate are the ones who will recognize that it is bs.