The gospel of wealth

Under republican institutions the division of property among the children is much fairer, but the question that forces itself upon thoughtful men in all lands is: Why should men leave great fortunes to their children?

Even in Great Britain the strict law of entail has been found inadequate to maintain the status of an hereditary class. So in the case of wealth. Knowledge of the results of legacies bequeathed is not calculated to inspire the brightest hopes of much posthumous good being accomplished.

carnegies thoughts on inherited wealth

He sold Carnegie Steel to J. That this talent for organization and management is rare among men is proved by the fact that it invariably secures for its possessor enormous rewards, no matter where or under what laws or conditions.

Andrew Carnegie, c.

The gospel of wealth

But whether the change be for good or ill, it is upon us, beyond our power to alter, and therefore to be accepted and made the best of. Over a series of four essays he lays out his case that most charitable contributions are wasted--as are the offspring of those who have worked to earn millions. Even in Great Britain the strict law of entail has been found inadequate to maintain the status of an hereditary class. Tilden's millions finally become the means of giving to this city a noble public library, where the treasures of the world contained in books will be open to all forever, without money and without price. While you may not be asked explicitly about the Gospel of Wealth on its own, you are likely to be asked about Progressive Era policies. The contrast between the palace of the millionaire and the cottage of the laborer with us today measures the change which has come with civilization. A well-known writer of philosophic books admitted the other day that he had given a quarter of a dollar to a man who approached him as he was coming to visit the house of his friend. We might as well urge the destruction of the highest existing type of man because he failed to reach our ideal as favor the destruction of Individualism, Private Property, the Law of Accumulation of Wealth, and the Law of Competition; for these are the highest results of human experience, the soil in which society so far has produced the best fruit. In the manufacture of products we have the whole story. He knew nothing of the habits of this beggar; knew not the use that would be made of this money, although he had every reason to suspect that it would be spent improperly. This change, however, is not to be deplored, but welcomed as highly beneficial.

It is well, nay, essential for the progress of the race, that the houses of some should be homes for all that is highest and best in literature and the arts, and for all the refinements of civilization, rather than that none should be so.

This is not wealth, but only competence which it should be the aim of all to acquire. The rich should provide funds to institutions that help homeless children.

Gospel of wealth quotes

In former days there was little difference between the dwelling, dress, food, and environment of the chief and those of his retain Social Darwinism, Gilded Age propaganda, you name it. The master and his apprentices worked side by side, the latter living with the master, and therefore subject to the same conditions. Even if desirable theoretically, it belongs to another and long-succeeding sociological stratum. The price we pay for this salutary change is, no doubt, great. Men who continue hoarding great sums all their lives, the proper use of which for -- public ends would work good to the community, should be made to feel that the community, in the form of the state, cannot thus be deprived of its proper share. Individualism will continue, but the millionaire will be but a trustee for the poor; intrusted for a season with a great part of the increased wealth of the community, but administering it for the community far better than it could or would have done for itself. Many of these arguments are still made today. Tilden's millions finally become the means of giving to this city a noble public library, where the treasures of the world contained in books will be open to all forever, without money and without price. Both definitions apply in this case. Under the first and second modes most of the wealth of the world that has reached the few has hitherto been applied. Neither is it well for the state. It is ever to be remembered that one of the chief obstacles which the philanthropist meets in his efforts to do real and permanent good in this world, is the practice of indiscriminate giving and the duty of the millionaire is to resolve to cease giving to objects that are not clearly proved to his satisfaction to be deserving…. The really valuable men of the race never do, except in cases of accident or sudden change.
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