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To: aMorePerfectUnion

The Vatican runs a deficit every year, its ‘wealth’ is in churches, schools and hospitals.


12 posted on 06/01/2019 4:52:58 PM PDT by pbear8 (the Lord is my light and my salvation)
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To: pbear8
The Vatican runs a deficit every year, its ‘wealth’ is in churches, schools and hospitals.

You left out valuable art, bank accounts, etc.

"Looking at Vatican wealth on paper is also quite misleading. Time Magazine ran this assessment of Vatican wealth in 1965, offering an estimate of total wealth, which at that time reached into the tens of billions of dollars.

“Bankers’ best guesses about the Vatican’s wealth put it at $10 billion to $15 billion. Of this wealth, Italian stockholdings alone run to $1.6 billion, 15% of the value of listed shares on the Italian market. The Vatican has big investments in banking, insurance, chemicals, steel, construction, real estate. Dividends help pay for Vatican expenses and charities such as assisting 1,500,000 children and providing some measure of food and clothing to 7,000,000 needy Italians. Unlike ordinary stockholders, the Vatican pays no taxes on this income, which led the leftist Rome weekly L’Espresso last week to call it “the biggest tax evader in Italy.” [Source]

"In other words, estimates are all over the place, and contemporary reporting on this subject is rather slim. Another dimension to this is the sheer value of all of the priceless works of art housed in Vatican City. Estimating the value of all of this in terms of dollars is impossible, but looking at just one well-known prize, the Sistine Chapel, offers a look at how difficult it is to appraise all of this. Estimates range from $400 billion all the way up to $2 trillion for just this one masterpiece.

https://www.wakingtimes.com/2017/08/03/much-wealth-vatican/

That was 1965

20 posted on 06/01/2019 5:04:30 PM PDT by aMorePerfectUnion
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To: pbear8

39 posted on 06/01/2019 5:47:13 PM PDT by Gunslingr3
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