The responsibility of wealth - should rich people give away their money?
Is there a moral responsibility to wealth? And what is the best way to pass on money?
“The man who dies…rich dies disgraced.” Such is the verdict of Andrew Carnegie (1835-1919), industrialist and philanthropist, in his essay The Gospel of Wealth, in which he claimed to “solve the problem of the Rich and the Poor.” He asserted that the only creditable option for those with surplus wealth is to use it during their lifetimes for the common good, and that to do otherwise is a disgrace. He and an increasing number of wealthy individuals have donated and administered large fortunes for charitable purposes. But do these individuals have a responsibility to donate to charity? Should the burden of charitable giving fall more heavily on their shoulders by virtue of having more to give?
This premium content is reserved for
Legal Week Subscribers.
Subscribe today and get 10% off.
A PREMIUM SUBSCRIPTION PROVIDES:
- Trusted insight, news and analysis from the UK and across the globe
- Connections to senior business lawyers within the leading law firms and legal departments
- Unique access to ALM's unrivalled, market-leading reporting in the US and Asia and cutting-edge research, including Legal Week's UK Top 50 and Global 100 rankings
- The Legal Week Daily News Alert, Editor's Highlights, and Breaking News digital newsletters and more, plus a choice of over 70 ALM newsletters
- Optimized access on all of your devices: desktop, tablet and mobile
- Complete access to the site's full archive of more than 56,000 articles
Already have an account? Sign In Now
For enterprise-wide or corporate enquiries, please contact Paul Reeves on Preeves@alm.com or call on +44 (0) 203 875 0651