Ask Question
6 December, 08:13

What does Carnegie argue is the role of millionaire in relation to the community

+4
Answers (1)
  1. 6 December, 10:43
    0
    Carnegie proposed that the best way of dealing with the new phenomenon of wealth inequality was for the wealthy to redistribute their surplus means in a responsible and thoughtful manner. This approach was contrasted with traditional bequest (patrimony), where wealth is handed down to heirs, and other forms of bequest where wealth is willed to the state for public purposes. Carnegie argued that surplus wealth is put to best use (produces the greatest net benefit to society) when it is administered carefully by the wealthy. Carnegie also argues against wasteful use of capital in the form of extravagance, irresponsible spending, or self-indulgence, instead promoting the administration of said capital over the course of one's lifetime toward the cause of reducing the stratification between the rich and poor. As a result, the wealthy should administer their riches responsibly and not in a way that encourages "the slothful, the drunken, the unworthy".
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “What does Carnegie argue is the role of millionaire in relation to the community ...” in 📘 History if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers