Pope Francis wants redistribution of wealth; Vatican worth $15 billion

Pope Francis further showed that he doesn’t really understand economics, politics or even the current financial system.

This was depicted Friday when the Pope urged governments worldwide to heighten policies that redistribute wealth to the poor in order to end the “economy of exclusion.” He made the comments in Rome to United Nations Secretary of General Ban Ki-moon and other heads of of major UN agencies.

Pope Francis called for an equal economic process for all and “the legitimate redistribution of economic benefits by the state, as well as indispensable cooperation between the private sector and civil society.”

He also wanted the UN to promote developmental goals that fight against the root causes of poverty and hunger, guarantee dignified labor and defend the environment. “Specifically, this involves challenging all forms of injustices and resisting the economy of exclusion, the throwaway culture and the culture of death which nowadays sadly risk becoming passively accepted.”

Since becoming head of the Vatican, the Latin American leader has regularly lambasted capitalism and free markets and has repeatedly yearned for vast redistributions of wealth on an international basis.

A few interesting facts that should be considered before listening to this double talk:

  • The Vatican is a multi-billion-dollar organization (its wealth is estimated to be between $10 and $15 billion)
  • It does not get taxed on any of its properties
  • It maintains a vast sum of investments in banking, chemicals and construction
  • An enormous sum of money is allocated to the Vatican by banks, governments and citizens

Vatican is pretty much operating like a corporation, except it does not produce any good or service that benefits the consumer. Instead, it acts as a parasite and leeches off of its devout followers as well as receiving special government privileges, such as being exempt from paying property taxes.

Question: why doesn’t Pope Francis donate 99 percent of the church’s wealth to the UN and impoverished governments to help the poor? It’s simple: hypocrisy.

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  1. ECONOMIC COLLAPSE NEWS produces a service that is a lot less valuable than that of the Vatican or the church.

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