Wednesday, December 9, 2015

LAD #21: Carnegie's Gospel of Wealth

Summary of Andrew Carnegie's Gospel of Wealth -

Carnegie believed that the contrast between millionaire and laborer is welcoming because it is essential for progression.  He also thought that there were three ways to dispense money: leave it to family, give it to the public, or give it away while still alive.  The first is the most unjust way, why should a child gain everything?  The second is just a way to dispose of money and it will be heavily taxed.  the third is the "true antidote".  Additionally, it is the duty of a wealthy man to be a role model and set an example of modesty.