LAD #21: Carnegie's Gospel of Wealth

While orating his "Gospel of Wealth" Andrew Carnegie voices the benefits of a capitalistic economy centralized around Big Business.  Despite many's belief that he, being a billionaire of his time, was an upright robber baron, Carnegie stands strong on his opinion that the rich and poor gap is necessary to maintain a healthy and stable economy.  He believed that universal, communistic equality was not the best method to maintain the nations economy -- it needed the rich-poor gap.  Then, he proceeds to propose methods of equally spreading out the wealthy's money in order to maintain a balance, for it was their duty to use their excess to better the entire human race.  First he brings up the primogeniture ideal of Europe, saying that even though it positively promotes money circulation, it creates numerous restrictions and limitations.  Since all of the money is passed onto the first born son, it both impedes his determination to succeed (he now has everything he needs) but it also deprives state money.  Secondly he addresses that when the wealthy die, there should be death taxes placed on his wealth so that his unused money gets into the hands of many -- not just staying with one.  All in all, that is the focal belief and voice of Andrew Carnegie.  He believed that men ought to spend and invest their money to benefit society and the entirety of the human race.  For example he himself was a great philanthropist, supporting many libraries and the establishment of the Carnegie Institute of Technology while Carnegie-Mellon University bears his name.