Question

What did Andrew Carnegie argue in his “Gospel of Wealth”?

A. American industrialists had a moral obligation to create educational and cultural opportunities for the masses rather than increasing their employees’ wages.

B. American industrialists should donate liberally to charities that fed and clothed the poor, and if they refused to do so, the government should tax their estates heavily when they died.

C. American industrialists had risen to the top of the economic pyramid through a process of rigorous natural selection, and it would therefore be unnatural for the government to tax their wealth.

D. American industrialists should first ensure that their workers earned a just wage and then devote any surplus wealth to philanthropic efforts.

Answer 1

American industrialists should donate liberally to charities that fed and clothed the poor, and if they refused to do so, the government should tax their estates heavily when they died.

he believed that the money generated by the wealthy individual should not be passed down to the heir but instead be used for the public welfare. in order to increase this possibility, he believed that the estate should be heavily taxed upon the death of the individual