Friday, December 10, 2010

LAD #21

Andrew Carnegie created the gospel of wealth which gave much of his fortunes to socially beneficial projects, such as funding libraries. With time, a distinct distance of wealth has emerged. It is usually obvious to know who is wealthy and who is not, simply by looking at the person's house. In the past, it was not so obvious since mostly everyone had the same dress, type of house, and ate the same foods. Without wealth, however, there would not be people funding beneficial projects like the arts. The change is beneficial for the progress of race. Carnegie says that wealthy people should take care of their wealth and put it good use. The small class of rich people can aid society more so than everyone being poor. He questions how the wealth can be shared throughout society. One way was to pass it down through family, but this only benefited a select group of people. Another way was through death. The money of a wealthy person would be shared among the poor. The last way was to continually give money throughout one's life. He strongly believes in the last method because the wealthy person can get more out of his share of money since he is alive. The wealthy are responsible for setting an example in the community and using their money to strengthen and benefit society.

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