Posted by:
ThinkingOutLoud
(
)
Date: November 03, 2014 09:22AM
Not really. He was right. If you are rich enough or receive such a membership as a legacy, then paying a monthly or yearly fee is a drop in a bucket.
The small golf club here, not even as good as the one a family member belonged to in Dublin, OH (Muirfield) costs at minimum, $750 per month. FULL membership fees cost much more, and then there's the matter of the up-front money you have to fork over to be a full member, at admittance. In some little clubs it is 50K, others well over 100K, in a good club they start at 500K and go way up. You're paying for limited or fractional ownership of the club itself with that buy-in.
The LDS people with the higher leadership positions and who wield the most church influence, probably have a membership scheme that is very similar within the church, with similar levels of buy ins and ownership of the whole thing.
This then entitles them to the glad handing, networking and privately offered business opportunities, social power and many other things the average member could not gain access to. It's how and why such private clubs exist to begin with. Well that, and to play golf, drink and eat with like minded people, and swim/play tennis in very nice surroundings--oh, and to keep out the so called poorer riff-raff and even rich non conformists.
Because a private club can and does deny membership to people other members don't like, or who cannot get nominated by at least 2-3 current club members, who first vet them and then put them up for membership, where a vote by current vested members takes place, to decide if they are in, or out.
College fraternity, redux.
And once you've gone through that and paid that kind of money to get in, knowing full well you cannot get all you put in back out or recoup the business losses which may result, who is going to just walk away and leave all of it and their money behind?
Nobody, except a person with extreme integrity who also happens to have a spare million bucks.