Monday, December 10, 2012

LAD #21 Carnegie's Gospel of Wealth

Being one of the wealthiest men of all time, Carnegie's Gospel of Wealth talked about the gap between the rich and the poor in society. He discussed how the gap between those in poverty and those living well off was growing and his plans to fix that in order to create a middle class. Carnegie did not believe in inheriting wealth, and instead thought it was bad for the economy. His plan to equal out the wealth was first he brings up the primogeniture ideal of Europe. Even though it positively promotes money circulation, it creates numerous restrictions and limitations. Secondly he addresses that when the wealthy die, there should be death taxes placed on his wealth so that his unused money gets into the hands of many not just staying with one. His main belief was people should spend money in order to benefit society.

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