LAD/Blog #22: Carnegie's Gospel of Wealth

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 Image result for gospel of wealth
In the "Gospel of Wealth" Carnegie talks about how having rich AND poor people may actually be a good thing. He states that it is natural for wealth to accumulate in the hands of a few members of society. He talks about how when a few people are very rich, then the standard of living for everyone increases. He then says that if you are rich you can do 3 things with your money. 1) Leave it to your kids. He thinks this is unfair as this is what happened in Europe and that it was a failure there. He also thinks that it wouldn't help society enough. 2) Have the wealth be taxed a lot and then taken by the Government after death. Carnegie says that the idea is ok. 3) Use the wealth for the common good and give it back to the people through philanthropy. This is the idea Carnegie likes the most. It also directly contradicts social darwinism.


Bill and Melinda Gates. Bill and Melinda Gates remind me of the ideas set forth by Carnegie. The couple have only promised 10 million for each of their 3 children as inheritance. Having a current net worth of 97.4 Billion, they will be donating a LARGE portion of their wealth to charity.Image result for Bill and Melinda Gates

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