An essay by Carnegie in 1889 about the transfer of wealth was not supportive of socialism. Carnegie stated "we didn't need socialism to solve our problems; philanthropy is "the true antidote for the temporary unequal distribution of wealth, the reconciliation of the rich and the poor.....""
Carnegie argued that the "duty of the man of wealth" was
"to consider all surplus revenues which come to him simply as trust funds, which he is called upon to administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community - the man of wealth thus becoming the mere trustee and agent for his poorer brethren......"
A recent study by Barclays Wealth confirmed that "American philanthropists tend to understand their giving in a context in which the state is either absent or irrelevant". Philanthropists have a better understanding as to what and who should be helped as opposed to the redistribution of wealth method practiced by local, state and national governments.
The rich really do have a heart they just get no 'pat on the back'!
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