Thursday, 21 July 2022

Money - you just can't give it away!

 Last week Bill Gates, the world’s 4th richest individual, vowed to give almost all his money away.  Eventually, he wants to fall of the ‘rich list’ and he says this feels, to him, like an ‘obligation’ to society.  To that end he has made a further donation of £17bn to his Foundation which is combating diseases like Malaria across the world.


Yet, it seems just giving money away isn’t as easy as it sounds.  After all Bill Gates made this same promise back in 2010 and since then, with a decade’s growth on the stock markets, his wealth has doubled.  So, even more to give away now!

Andrew Carnegie, sometimes thought of as the Father of Modern Philanthropy, had a similar experience.  From his humble beginnings in Dunfermline, Scotland, he ended up one of the richest men in America.  He gave away $350m in his lifetime (his money helping to fund the discovery of insulin) yet at his death in 1919 he still retained, apparently to his great disappointment, some  $30m.

It was the St Paul, writing to young pastor Timothy who said The love of money is the root of all evil, and I also note he spoke of such avarice as ultimately bringing many sorrows.

Money itself is, of course, neutral.  It’s its use, or our insatiable quest for more and more of it, that can be so destructive.

The Bible doesn’t shy away from talking about money and the good it can do.

In the Jewish Scriptures there’s the idea of a Temple Tax, meaning that all men over the age of 20 paid half a shekel to the Temple and half a shekel to God annually (about four days wages) on top of their free will offerings.

In Jesus’ day we are told that a group of women financially supported his ministry.  Luke even lists three of them by name: Mary Magdalene, Joanna (who husband, intriguingly was the Administrator in Herod’s household) and Susanna.  The Greek word used to describe them is the root of the word Deacon, meaning one who serves.

The Church has not always been good with money, gaining a reputation for filling its own coffers at the expense of the poor.  In the time of the Prince Bishops in England that meant Cathedrals and Abbeys owned huge swathes of land, whilst on the Continent Martin Luther spoke out against a greedy Church selling Indulgences to pay for building work in Rome.

Today, the debate about money, and especially taxes, rumbles on and is central to the current leadership race in the Tory party.

Having enough money can bring all of us a reassuring sense of security.  Striving to make taxation fair, and government spending well targeted, is seen by many Christians as a matter of justice, one that stands at the centre of our faith. And, if recent reports of the actual unhappiness encountered by some lottery winners is to be believed, it seems St Paul was right; money can bring many sorrows.

Yet, alongside Mary, Joanna and Susanna, I guess that most of us truly want to use our money wisely and well.  And like Bill Gates and Andrew Carnegie (although I suspect in much smaller quantities!) we will hope that the money we give away may be a blessing to others.

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