section_path: Positions on morality and politics/Global economy
section_name: Global economy
paragraph_text: Global economy
  
  In July 2009, Benedict published his third encyclical, Caritas in veritate (Charity in truth), setting out the philosophical and moral foundations for human development, individually and collectively, in striving for the common good. This was the last encyclical of Benedict XVI's papacy.
  
  Caritas in veritate makes a case for the charitable distribution of wealth in considerable detail and discusses the environment, migration, terrorism, sexual tourism, bioethics, energy and population. The Financial Times reported that Benedict's advocacy for a fairer redistribution of wealth helped set the agenda for the 2009 July G8 summit.
  
  Also included in Charity in Truth is advocacy for tax choice:
  
  One possible approach to development aid would be to apply effectively what is known as fiscal subsidiarity, allowing citizens to decide how to allocate a portion of the taxes they pay to the State. Provided it does not degenerate into the promotion of special interests, this can help to stimulate forms of welfare solidarity from below, with obvious benefits in the area of solidarity for development as well.
  
  In July 2009, Benedict published his third encyclical, Caritas in veritate (Charity in truth), setting out the philosophical and moral foundations for human development, individually and collectively, in striving for the common good. This was the last encyclical of Benedict XVI's papacy.
  
  Caritas in veritate makes a case for the charitable distribution of wealth in considerable detail and discusses the environment, migration, terrorism, sexual tourism, bioethics, energy and population. The Financial Times reported that Benedict's advocacy for a fairer redistribution of wealth helped set the agenda for the 2009 July G8 summit.
  
  Also included in Charity in Truth is advocacy for tax choice:
  
  One possible approach to development aid would be to apply effectively what is known as fiscal subsidiarity, allowing citizens to decide how to allocate a portion of the taxes they pay to the State. Provided it does not degenerate into the promotion of special interests, this can help to stimulate forms of welfare solidarity from below, with obvious benefits in the area of solidarity for development as well.