Monday, December 10, 2012

LAD #21



LAD #21: Canegie's Gospel of Wealth
          During the time period at hand, there was very so-so administration of money which was resulting in the growing gap between the rich and the poor. The rich got richer while the poor only got poorer. There was also some art and literature created during this time but mostly people were focusing on getting rich. Everybody wanted to be in the upper crust. When it came to the issue of wealthy parents having to leave their fortunes for their under aged children the benefits are few. The child is most likely not prepared to take on the burden of the cash and society sees the money wasted. It was also true that the more you taxed the rich the more of the money flowed back into society itself and one mans extreme wealth can in turn help to distribute something to everyone in the community. The idea was that the wealthy need to share with the un-wealthy, in order to have a more balanced and well rounded society.