Andrew Carnegie The Gospel Of Wealth Analysis

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Industrialist Andrew Carnegie’s article “Wealth,” later known as “The Gospel of Wealth,” was published in the North American Review in June of 1889. In his writing, he rejected the traditional goals of charity. He depended less on carefully discriminating between the “worthy” and “unworthy” recipients than on attacking the root causes of unequal distributions of wealth itself. Carnegie believed that wealth should be invested in such worthwhile ventures for the wellbeing of the public being rather than using money senselessly and ineffectively. With regard to Carnegie’s belief, he indicates that the estates of the dead millionaire, or so to say, should be taxed increasingly so that the tax can go towards helping the public. Although this is …show more content…
There is also a belief that kind things shouldn't distract the government's ability to act in the public interest or relieve the wealthy from paying sums of money, such as taxes. To use language from other debates, private sector charity as an "add-on is desirable.” (Thoma, 7) The wealthy should do as much or as little of this, but if it's a "carve-out” there is a reason to “question the notion that the wealthy are helping society more effectively and efficiently than government." (Broad 4) The most fitting view in the fact of having surplus wealth "of the few" becoming the property "of the many,” will help our society become "more elevated,” as Carnegie explains. (2) The moneyed often fail to see the notion of inherited wealth being left for the loved ones to decide even the importance of contribution, legacy, community, and …show more content…
Many recipients of his wealth saw his donations both beneficial and as of a part of a legacy. Coinciding greatly with such institutions and individual abilities to give back and appreciate more was Microsoft Chairman, Bill Gates. He, like Andrew Carnegie, is a prosperous man. Gates says he was inspired by “big, first- generation” (1) philanthropists such as John D. Rockefeller, and Andrew Carnegie, who built schools, funded research, and traveled the world doing good. Those who have a lot of success in the world can choose how to give back, whether it’s giving away their money; or taking the time building a charitable institution such as the Gates Foundation [or Carnegie Libraries], he says. Building an institution is “something my Microsoft experience taught me how to do,” Gates says in his keynote speech. He even endowed a foundation that is still a philanthropic

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