I apreciate this is highly speculative but if the Catholic Church sold all of its land proprty whatever what?

Question

would it realise?bit of evidence as opposed to guesswork would be appreciated-i'll start the ball rolling at£50

fair point greg b perhaps thAlmighty is already screwing my question up! The summary is whats the CHURCH WORTH?

fair point greg b perhaps thAlmighty is already screwing my question up! The summary is whats the CHURCH WORTH?

Answer 1

What language are you speaking?

Answer 2

Actually, as an economist, the answer is a lot less than you would expect. First, if you looked at it per capita, it probably isn't that much money. Second, who has the money to buy it.

The Walton family has a big problem. Their stake in Walmart is $140 billion, if the stock were valued at its closing price and sold in 100 share increments. Of course it would take many lifetimes to sell that way. It couldn't be sold as a block because no one owns that much money to make the purchase. Further, Reg D limits how much could be sold piecemeal anyway.

As an economist, if the Catholic Church every attempted such a thing, it would realize very little, the collapse in real estate prices globally would probably damage the banking industry, and we could find ourselves in large economic problems. Imagine millions of for sale signs going up simultaneously.

Finally, who would pay their pension and health expenses as well as their continuing charitable obligations. Donations would have to skyrocket to cover this and with a global recession going on, it probably would be hard to get the money.

Churches are generally countercyclical operations recieving the least in hard times while expending the most and vice versa.

I am only half serious in this post, but I am quite serious about the potential damage of such an operation. It is simply too large to become liquid and does too much with the income to have the world population take over the safety net it provides directly.

Answer 3

The Catholic Church is one of the richest p.l.cs in the world with properies in every country in the world and every town in Britain and Ireland .That alone must be worth a few bob.

Answer 4

The Catholic Church and McDonald's are the two largest land owners in the world.

Answer 5

did you know the catholic church is one of the richest companies/groups whatever in the world 100 billion dollars!