LAD 17- Carnegie's Gospel of Wealth

LAD Carnegie's Gospel of Wealth

Through his wealth earned in his work in the steel industry Andrew Carnegie had plenty of money left over to donate to the public. He wrote The Gospel of Wealth which discusses many different matters concerning money and wealth. In this he relates his expierences to the proper modes to administrate wealth. By doing this he said that competence should be the main goal which many should attempt to acquire in life. In this Gospel he noted three proper ways to administer wealth. First it can be bequeathed for public purposes. Second it can be left to family members or third it can be administered during the life of the possessor. Carneigie feels strongly towards the second mode, since it can benefit a large range of people. He does not recommend leaving the money with family members, since it teaches them nothing and in fact it can be seen as misguided affection. Through this he demonstrated his police of giving a "hand up" before a "hand out". Although their estates are heavily taxed at death it still is beneficial and assists the states. Another of his theories was that by jusyt frivolusly spending money it is only to the aid of the spending while others are left to note just how wealthy he is.