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More hypocrisy from the Archbishop

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Many people have share portfolios whithout a clue what they've invested, often via mixed investment funds.

I doubt the Archbishop of Canterbury, sits down and picks them out himself, I'm sure he has accountants to do that. Nevertheless it's an embarrassing oversight.

 

But once again people are in danger of shooting the messenger rather than listening to the message. Here is a man fighting the corner of ordinary people like you and me. We should support him.

 

You would think that after he found they had invested in Wonga, they'd make sure not to do it again with Amazon...

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It's so typical that people don't want to discuss what the Archbishop said, but prefer to dissect him instead.

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He’s been put on the back foot today. He was asked to take over Wonga, so that it wasn’t bought by another loan shark company.

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It's so typical that people don't want to discuss what the Archbishop said, but prefer to dissect him instead.

 

But surely we are discussing what he's said & he's been found to be hypocritical, condemning high tech companies, while being a high ranking member of an organisation that has heavily invested in them. I don't see any mention of selling those shares.

 

He's also condemned zero hour contracts yet his own organisation has been found to advertise jobs in CofE cathedrals with zero hour contracts.

 

I'd have thought John 8:7 would have been lesson 1 on day 1 at seminary school?

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It's so typical that people don't want to discuss what the Archbishop said, but prefer to dissect him instead.

 

How can his criticism of big business be taken seriously when his "big business" is making money from them?

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Possibly, because the CEO of a big company is in business, and business is all about making money.

 

The Church is not a business, or at least that is not its primary function.

 

Religion is the biggest business in the world and making money is a main factor. As George Carlin said, god always needs money.

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It's so typical that people don't want to discuss what the Archbishop said, but prefer to dissect him instead.

 

Because thats related to what he said.

 

IF he really cared about it, he wouldnt have his money in Amazon. He's had many opportunites to sort that out. He's also do better off by not having been the comptroller of a large oil exploration company if he wants to vent his spleen about big business but he probably cant help that.

 

He's no different to the rest of the archbishops - if you aspire to that post you probably are not the right person for it.

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Because thats related to what he said.

 

IF he really cared about it, he wouldnt have his money in Amazon. He's had many opportunites to sort that out. He's also do better off by not having been the comptroller of a large oil exploration company if he wants to vent his spleen about big business but he probably cant help that.

 

He's no different to the rest of the archbishops - if you aspire to that post you probably are not the right person for it.

 

I believe, well before this speech, plans were afoot by the CofE to buy out Wonga and re-establish it as a credit union for the benefit of borrowers. That's the sort of thing the Church can do with money.

 

Parent companies are now so vast, so all encompassing, and so profitable that it is very difficult not to have investments in them.

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I found this little nugget interesting.

 

https://inews.co.uk/news/uk/church-england-struggling-financially/

 

So I think the C of E makes more money than macdonalds, doesn't pay any tax - to the best of my knowledge. Macdonalds- to the best of my knowledge - pays its dues without any unnecessary accounting flim flamming, employs lots of young people, engages in community sporting projects, it even has a university doesn't it?

 

So who does the most for the country, macdonalds or the Church of England?

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Religion is the biggest business in the world and making money is a main factor. As George Carlin said, god always needs money.

 

George Carlin is talking about the American Catholic Church which is very different to the Church of England.

 

This is from an article in the Huffington Post:

 

"The Church of England brings in almost 1 Billion a year through donations, investments and reserves. Maintainance of their 16,000+ churches and 42 Cathedrals costs an annual sum of around £160 million, and they are responsible for 45% of Britain's Grade 1 listed buildings with little help from the government.

 

The Church also spends around £189 million on staff and Clergy and supports mission agencies and National and International Charities, totaling annual outgoings of 1 Billion - more than what comes in.

 

The Church of England also has a 5.5 billion investment portfolio which has recently come under scrutiny with the Wonga scandal, but nontheless remains completely transparent and within the public eye. The portfolio is managed by the Ethical investment Advisory Group, and although a nice little earner for the church, it is still not as important as charitable donations given by parishioners and the subsequent gift aid received from the government.

 

The Church of England is therefore not a money making business by any means, it is not even a burger van making a minimal turnover - it makes no profit whatsoever, has reported that 60% of its income comes from gift aid, and if the Church was forced to pay taxes it would cease to exist."

 

https://www.huffingtonpost.co.uk/sophie-turton/church-taxes_b_5144964.html

She goes on to contrast this with the situation in America (where George Carlin is from,) and says the American Catholic church rivals the largest American Corporations. 'The Catholic Church in America is big business.'

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Where in his routine did he mention the American catholic church? he was talking about religion in general always wanting money.

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And on the back of Welby's criticism of banker's excessive pay, this story from 2017;

 

https://www.dailymail.co.uk/news/article-4531654/amp/Church-England-staff-receive-1million-bonuses.html

 

Note the quote; the Archbishop of Canterbury, the Most Reverend Justin Welby, said: ‘In a year which saw considerable political turbulence, the Church Commissioners continued to provide effective stewardship of investments matched by ethical and responsible investment.’

 

Also the bonus paid to investment chief Tom Joy, who was given a ‘long term incentive payment’ of £202,000 on top of his salary of £259,000, taking his full earnings for the year to £461,000.

 

Of course the CofE could sell all its shares in the companies Welby considers 'Evil' or those where he considers the companies pay excessive bonuses & put the money into more ethical investments couldn't he but those probably would provide the same monetary return.

 

As for saying he wants the CofE to be able to change the various companies culture from the inside as shareholders, that's never going happen unless the CofE has close to 50% of the shareholding, is it?

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