Wednesday, December 11, 2013
LAD #21: Carnegie's Gospel of Wealth
Carnegie begins by asserting the development of society that has centralized wealth in the hands of few, whose mansions rise above everyone's cottages. The centralization of this wealth was actually for the good, so we would not all be poor and the rich can remain rich as long as they help society through three modes of contribution. His first mode would be leaving it to your family which to Carnegie was not ideal since it actually put a burden on their family on what to do with their wealth. Another is to give all your money to society only when you are dead, which shows that you were too selfish in society to make donation. The ideal mode of contribution would be to make public donations during your lifetime while he also supported death taxes on estate.
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