Andrew Carnegie: The Gospel of Wealth(1889)
Carnegie explains that wealth need not be distributed equally but the rich and poor must exist harmoniously. The contrast between the lives of the rich and the poor has become very much more noticeable in the past few hundred years. But citizens should welcome these changes because they are essential for progress. Surplus wealth can be passed down in the family it can be invested in public projects or it can be used by it's owner. It is not well for the children and wife though if they be burdened with such a large fortune so they should be allowed moderates allowances. If a man chooses to give money to the public at the time of his death, he must be content that his money will not do good until after his death. Estate taxes are much more expensive after death though, to encourage men to use their wealth during their lifetimes. If a man spends his vast wealth it then spreads to other less wealthy people and is more valuable to everyone. Carnegie believes that men of vast wealth should live modestly and think of ways that his own wealth can benefit others less wealthy than himself.
