ROME, Italy — Vatican foreign minister Archbishop Paul Gallagher has called for increased redistribution as a necessary means of overcoming economic inequality, the Catholic News Service reported Wednesday.
In his address before a high-level U.N. meeting on inequality and prosperity, Archbishop Gallagher asserted that “fighting rampant inequality cannot be achieved without fiscal redistribution and increasing the progressiveness of income taxation schedules.”
“Better taxation can redistribute a portion of the rents accruing to big corporations and help build up tax bases, especially in developing countries,” he declared.
The archbishop also noted how the global coronavirus pandemic has slowed humanity’s progressive elimination of extreme poverty.
The World Bank, for instance, has estimated the pandemic “drove an additional 97 million people into extreme poverty in 2020.”