Life has been revolutionized in the past hundred years. Unlike former days there is a much bigger contrast between the lives of the employer and the employed, but this progress is highly beneficial. Without the great irregularities, society would relapse into old conditions. How do those who are wealthy administer their wealth? Not just the basic savings- that is only competence. There are three modes of disposal: leave it to descendants, give it for public purposes, or administer during their life. The first is what the monarchs and upper classes use, and it puts a burden on the family. For the second mode, one has to wait until he is dead to do good. States are taxing estates more, showing its contempt for hoarding. The last option is most fruitful for the rich and the poor, but is different from communism. It's better for the wealthy to distribute the wealth then for it to be given to the people in small sums. This is the duty of a wealthy man: to not live extravagantly and distribute his wealth.
photo- http://www.americaslibrary.gov/assets/aa/carnegie/aa_carnegie_phil_1_m.jpg
No comments:
Post a Comment