To be technical, money is not the root of all evil according to the Bible; love of money is. The commonly misquoted passage comes from 1 Timothy 6:10: “Love of money is the root of all evil.” This is important because the left likes to portray anybody with money as evil… that is so long as they are not liberal.
Money has never been regarded by the Church as all good or all evil, but as a moral neutral as it can be used for good or evil. Money is a basic way of exchanging goods and/or services with a way in which the provider may then pay for the goods and/or services they so desire. Money was a way to measure what one got in value. The problem does not come in money itself, but in “love of money” or greed which seeks to collect money the way one may collect baseball cards. In hoarding money, which is greedy, the person is neglecting the needs others may have. They may be spending their money on trivial things or even saving it when it may have a better use paying for food or water for another person.
One’s worth can never be calculated by how much we own; that’s the Marxist look on life. We all have different life experiences, different needs, wants, and conditions which determine how much we each own. Calling somebody evil because they have more than you is not only illogical, it is also envious which breaks one of the ten commandments: “You shall not covet your neighbor’s goods.” Such envy can lead people to push for policies that ask the government, an intermediary power, to take what rightfully belongs to somebody else and give it to the one requesting that thing: that’s socialism. Socialism seeks to eliminate private property and distribute equally amongst the populace, believing private property is a sign of power over others.
Ironically, government force to distribute goods only makes things more unfair because somebody who works much harder to get where they are may be forced to give to somebody who works much less and hence is much less deserving of said material good. Note: I am not saying the poor should be deprived of the necessities of life, but a big house, a car, or TV is not a necessity, but a luxury, and as a luxury the one who rightfully gets them receives it as a fruit of his/her labor (cf. CCC 2402). Such extremes can also put more people in poverty as the rich have less money to pay those who provide them with services and/or goods.
I do find it ironic that those who aggressively attack the rich hardly ever call for the need to care for the poorest of the poor; people who literally live in the streets. They need our help more than those who have low income.
If money were the root of all evils, then none of us would be allowed to have any money, and the promoters of this idea would be hypocrites.