It is well to remember that it requires the exercise of not less ability than that which acquired the wealth to use it so as to be really beneficial to the community. All progress from that barbarous day to the present time has resulted from its displacement. The rich are just acting as a “trustee and agent” for their poor fellow beings.
It were better for mankind that the millions of the rich were thrown in to the sea than so spent as to encourage the slothful, the drunken, the unworthy. I love the way the lesson was structuredThanks for your comment. The really valuable men of the race never do, except in cases of accident or sudden change. After reading the book, I felt that “The Gospel of Wealth” is for all. Such are the very salt of the earth, as valuable as, unfortunately, they are rare; still it is not the exception, but the rule, that men must regard, and, looking at the usual result of enormous sums conferred upon legatees, the thoughtful man must shortly say, "I would as soon leave to my son a curse as the almighty dollar," and admit to himself that it is not the welfare of the children, but family pride, which inspires these enormous legacies.As to the second mode, that of leaving wealth at death for public uses, it may be said that this is only a means for the disposal of wealth, provided a man is content to wait until he is dead before it becomes of much good in the world. Hence, he said, just some rivals can – and must – control wealth. In an effort to convince his critics that he wasn't saying everyone should get free handouts from the upper class, he edited his original doctrine, so that it read "Help those who will help themselves, to provide part of the means by which those who desire to improve may do so." Public sentiment is quick to know and to feel what offends these. In organizations, competition law develops skills in the workers. The law of competition can be applied to business terms and forms the basis of capitalism. Carnegie was a Scottish immigrant to America. Under the first and second modes most of the wealth of the world that has reached the few has hitherto been applied. There must be different standards for different conditions. In the commercial world similar causes have produced similar results, and the race is benefited thereby. The "good old times " were not good old times. It leaves the wealthy free to continue collecting wealth. The problem of our age is the proper administration of wealth, so that the ties of brotherhood may still bind together the rich and poor in harmonious relationship. But, society as a whole reaps the benefits. Hence, they want temporary financial help. Winning On Wall Street Summary provides a free book summary, key takeaways, review, best quotes and author biography of Martin Zweig’s famous...
Nor need it be feared that this policy would sap the root of enterprise and render men less anxious to accumulate, for to the class whose ambition it is to leave great fortunes and be talked about after their death, it will attract even more attention, and, indeed, be a somewhat nobler ambition to have enormous sums paid over to the state from their fortunes.There remains, then, only one mode of using great fortunes; but in this we have the true antidote for the temporary unequal distribution of wealth, the reconciliation of the rich and the poorIf we consider what results flow from the Cooper Institute, for instance, to the best portion of the race in New York not possessed of means, and compare these with those which would have arisen for the good of the masses from an equal sum distributed by Mr. Cooper in his lifetime in the form of wages, which is the highest form of distribution, being for work done and not for charity, we can form some estimate of the possibilities for the improvement of the race which lie embedded in the present law of the accumulation of wealth.
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