Why should the rich be responsible for the poor?

Another important reasons why the rich should help the poor is it helps eradicate poverty to an absolute end. This will help people become economically sound, socially responsible and medically fit. The perfect combination of all three will lead to a clean environment and help control overpopulation.

What is the duty of the man of wealth?

This, then, is held to be the duty of the man of Wealth: First, to set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent upon him; and after doing so to consider all surplus revenues which come to him simply as trust funds.

What are the three ways that Carnegie says surplus wealth should be distributed?

There are but three modes in which surplus wealth can be disposed of. It can be left to the families of the decedents; or it can be bequeathed for public purposes; or, finally, it can be administered during their lives by its possessors.

Do wealthy countries have a responsibility to help poorer ones?

The rich have an obligation to help poor countries who were exploited by their colonial rulers. The United States had a head start with its vast natural resources. But many countries in Europe, such as Britain, became rich due to their colonial reign in Asia. But some countries did not benefit from colonial rule.

What was the role of the wealthy according to Andrew Carnegie?

Carnegie made it clear that the duty of the rich was to live modest lifestyles, and that any surplus of money they had was best suited for re-circulation back into society where it could be used to support the greater good.

How did the gospel of wealth affect society?

In “The Gospel of Wealth,” Carnegie argued that extremely wealthy Americans like himself had a responsibility to spend their money in order to benefit the greater good. In other words, the richest Americans should actively engage in philanthropy and charity in order to close the widening gap between rich and poor.

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