Bookmark: The Gospel of Wealth by Andrew Carnegie
Andrew Carnegie’s The Gospel of Wealth was originally published in the North American Review in June 1889, and again by Applewood Books, Inc., of Bedford, Mass. in 1998.
“The man who dies thus rich dies disgraced,” concludes Andrew Carnegie at the end of Part I of his timeless and poignant essay. This is a must read not only for every donor, development officer and fundraiser, but also for every politician, estate attorney and wealth advisor.
Carnegie, a man whose riches were the product of our nation’s capitalist principles, defends his position not unlike the modern day manifesto of billionaires Bill Gates and Warren Buffett, to give away a major portion of their wealth during their lifetime. By advocating for the state to heavily tax a rich man’s estate, Carnegie declares such taxes would “work powerfully to induce the rich man to attend to the administration of wealth” [redistribution of wealth for worthy causes through philanthropy] during his life.
This 24-page essay holds the power to “release the congealed energy of money” and change our modern world for the betterment of all. Thank you, Andrew Carnegie, for your courage, vision, and philanthropy to establish universities, libraries and schools “benefitting the community…” What worked in 1889 can work today.