LAD #17 Carnegie's Gospel of Wealth

The gospel of wealth first addresses the problem of the big difference between the rich and the poor that has more as civilization grew. Carnegie then states that going back to old conditions would be disastrous. He goes on to ask the question, how should wealth be distributed, as it has only been thrown into the hands of few? He states that fortunes are not money that has been saved up and that all should aim to save their money. In the next paragraph he says that there are three ways in which wealth can be disposed of. “It can be left to the families of the decedents; or it can be bequeathed for public purposes; or, finally, it can be administered during their lives by its possessors.” Carnegie states that the first option is injudicious; the second is just a disposal, as the person waits to death for the wealth to do any good in the world, and the third is the true solution to distribute fortunes. He says that the surplus of wealth will become the property of many and this will cause an ideal state.