In the late 1800s a man
from Scotland, became a billionaire, due to his successful business in the iron
and steel empire, this man was Andrew Carnegie. A surprising fact about Mr.
Carnegie is that he donated a large portion of his money to charities, he especially
favored libraries. Mr. Carnegie states that it is important for some to be
wealthier than others, this way they can help society advance by being patrons
of the arts. He goes on to say that all men should strive for wealth, and that
this wealth can be passed down, donated for the betterment of society, or just
spent. He disliked the idea of passing down wealth to ones children, in hope
that they would carry on the family’s legacy; he found it distasteful and
unproductive. Mr. Carnegie also claims that death taxes are beneficial to
society, due to the fact that they prevent people from hoarding their wealth
throughout their lives.
It is in his opinion that the best use of money is to
aid society and culture, opposed to holding on to it. His last point in this was that he argues that the best way
to use ones wealth is to spend it on items that are productive. In this idea by
passing money to many different hands in society, Mr. Carnegie can help his
society and those around him who would wish to live comfortably.
