Tuesday, December 13, 2011

LAD #21: Canegie's Gospel of Wealth

Canegie's Gospel of Wealth
Andrew Carmegie was a successful buisness man who came up with the idea of the "gospel of wealth" and his fortune he gained off of this was put to many different funding projects. Today, the difference between the wealthy and the rich can be much easier seen than that of the past because today the houses, clothing, and materials are much different. He believes that the aim of people should be competence which is when one can maintain comfortable maintenance and education for the family instead of wealth. The wealth seen in the world is generally from either being passed on by generations, or administered by those who have money to you. Another thing cam about was that people should and would leave money while at death and that this money would not be recieved used or cycled until their death came. The rich would also be taxed at death so in order to avoid this many rich would try to administer their money while alive.
      This new way showed that the people that would get the money throughout the life in small bits by the rich seperating would not be nearly as helpful as if the money was distributed for public purposes. And so it was thought that giving money to the community of man would work better because they would know what would benefit the community more than the individuals having it for themselves to use.

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