LAD # 21

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.