The Distribution of Wealth Essay

The Distribution of Wealth Essay

Length: 877 words (2.5 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Everyone has his or her own ideas of how wealth should be distributed properly. Some people believe wealth should be left to family, left for public services, or become the property of others. Others believe that people should not have excess wealth, resulting in non-existent class distinctions. An alternative view is that wealth is not distributed; instead, the wealthy continue to grow wealthier while those in poverty can not escape it and fall further into a life of poverty. The beliefs discussed above come from three different writers. Those writers include Andrew Carnegie, Karl Marx, and Robert B. Reich. These writers all have different opinions on how wealth should be distributed properly.
Andrew Carnegie does not believe wealth is distributed properly (Carnegie 485). In fact, he has a few different ideas of how to distribute wealth. In Carnegie’s essay, “The Gospel of Wealth,” he states, “There are but three modes in which surplus wealth can be disposed of .” The first way he suggests to dispose of wealth is to pass it down in the family after the one with wealth passes away. The second way to dispose of wealth is, after death, distribute it for public uses. The third and final way one can dispose of wealth is by giving it to others while he or she is alive. This idea most reflects the idea of a communist in the case that the surplus wealth is distributed and becomes the property of many. All of the above are different ways that Andrew Carnegie felt wealth could be distributed among people. He says that the third and final way to distribute wealth is a lot like the beliefs of Karl Marx in the sense that Marx strongly believes in communism.
It is also believed that wealth should be non-existent. This is only possible if cl...


... middle of paper ...


...ealth should be for public usage after the owner passes. This shows that he believes the wealth should be used to benefit the public when it can no longer benefit the person who withheld it. The above are just a few reasons why Andrew Carnegie has the best views on the distribution of wealth.


Works Cited

Carnegie, Andrew. “The Gospel of Wealth/” A World of Ideas: Essential Readings for College Writers. Ed. Lee A. Jacobus. 9th ed. Boston:Bedford/St. Martin’s, 2013. 485-95. Print.
Marx, Karl. “The Communist Manifesto.” A World of Ideas: Essential Readings for College Writers. Ed. Lee A. Jacobus. 9th ed. Boston:Bedford/St. Martin’s, 2013. 456-76. Print.
Reich, Robert B. “Why the Rich Are Getting Richer and the Poor, Poorer.” A World of Ideas: Essential Readings for College Writers. Ed. Lee A. Jacobus. 9th ed. Boston:Bedford/St. Martin’s, 2013. 516-29. Print.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Poverty Inequality And Unequal Distribution Of Wealth Essay

- Surviving in America has become increasingly more difficult due to the Government’s lack of oversight which causes the income gap to increase and the middle class to disappear. Due to an extreme gap of income between the wealthiest 1% and the remaining 99% in America, the middle class is dissipating to nothing because of unequal distribution of wealth. Poverty in America is a major issue that can and should be addressed as soon as possible because unequal distribution of wealth is causing greed, controversy and hate among millions of citizens....   [tags: Economic inequality, Distribution of wealth]

Better Essays
1266 words (3.6 pages)

Unequal Distribution Of Wealth And Income Inequality Essay

- There seems to be a huge gap of inequality and it seems to do nothing less than get bigger. Inequality is an issue within our country and is restraining the U.S. from being top notch the way it could be if we put more effort in. The U.S. has the most unequal distribution of wealth and income by far. The middle class is the heart of the economy and it keeps it going. The United States of America has the most unequal distribution of income and wealthy far, verging to an even greater inequality (5:33)....   [tags: Economic inequality, Distribution of wealth]

Better Essays
2123 words (6.1 pages)

The Distribution Of Wealth Inequality Essay

- The distribution of wealth in America has been unevenly distributed since 1970. We can see this distribution clearly through some of the wealthiest people in America who make millions of dollars, compared to a homeless individual. There is a huge income gap between rich and poor, the rich stay rich, and the poor, become poorer. Income inequality refers to the unequal distribution of income and wealth between the social classes of citizens. This concept of income inequality has proved over the years, to be a widespread problem, where in the future, economic inequality in developing countries will make up about “95 percent of the entire global population.” Nancy Birdsall discusses this notion...   [tags: Poverty, Economic inequality, Wealth]

Better Essays
1011 words (2.9 pages)

Who Rules America: Wealth Distribution Essay

- Time and time again we hear politicians and office holders preach the need for a powerful middle-class. You may then be surprised to hear that “about 82% of America’s net worth belongs to the top 20%, the next 80% of people only own about 18% of America’s wealth” (UCSC). Some may argue that this disproportion is the beauty of capitalism, the chance to create an empire. I argue that the proportions are simply unfair. Why is it that “ the average CEO makes 350X as much as his/her employee” (UCSC)....   [tags: middle class families, stock market, economy]

Better Essays
616 words (1.8 pages)

The Distribution of Wealth Essay

- Everyone has his or her own ideas of how wealth should be distributed properly. Some people believe wealth should be left to family, left for public services, or become the property of others. Others believe that people should not have excess wealth, resulting in non-existent class distinctions. An alternative view is that wealth is not distributed; instead, the wealthy continue to grow wealthier while those in poverty can not escape it and fall further into a life of poverty. The beliefs discussed above come from three different writers....   [tags: Andrew Carnegie, Karl Marx, Robert B Reich]

Better Essays
877 words (2.5 pages)

The Distribution Of Wealth Is An Issue That All Cities Essay

- The distribution of wealth is an issue that all cities and states deal with regularly. The issue cannot be solved with one election term or even two, the problem can only be solved by educating society and striving for greater things as a whole. The individual plays an important role in society, you can think of our nation as a jig-saw puzzle and that every individual whether they are one day old or ninety years old plays a particular role in solving this puzzle, but the benefit is that you can change the shape of your puzzle piece to fit where it is needed most inside of the puzzle....   [tags: Working class, Middle class, Wealth]

Better Essays
1066 words (3 pages)

Essay on Carnegie's Wealth Distribution Solution: Outdated or Outstanding?

- Andrew Carnegie stated that the problem of our age is the proper administration of wealth and his opinion precisely reflects the real situation. Because it can be observed throughout history of human beings that usually majority was in such poverty, which barely enables them to survive. Carnegie was one of the richest men in the world of his times and maybe he knew as a successful businessman what the actual problem in distribution of wealth is. He has proposed possible solution of beneficial wealth distribution for this problem and it actually might work in his times....   [tags: community service, money donation, global economy]

Better Essays
1120 words (3.2 pages)

Tipping The Scale On Wealth Inequality Essay

- Tipping the Scale on Wealth Inequality On November 8th, 2014, The Economist published an online version of its printed article titled “Forget the 1%”, that compared some of the views found in Thomas Picketty’s highly acclaimed book, Capital in the Twenty-First Century (2013), to other recent studies. For example, the article mentioned a 2004 study that focused on estate-tax data performed by Wojciech Kopczuk of Columbia University and Emmanuel Saez of the University of California, Berkley. It also took notice of the results rendered by New York University student, Edward Wolff’s study of Federal Reserve data as it related to consumer finance, and finally the Economist included an up close l...   [tags: Wealth, Distribution of wealth, Income, Wealth]

Better Essays
1029 words (2.9 pages)

Essay on Unequal Distribution of Wealth

- ... Smith could foresee that the world in his era had not changed much from the previous period in this regard; the only difference from one era to the next is that the issues were concealed better and are less transparent and these are the issues that were set -forth by Smith. The truth and facts about “Unequal distribution” can cause social division and hatred towards different groups of people due to this fact. Smith of course could foresee the social effect of the unequal division of wealth, as it relates to the contradiction which seems to be at the main cause of the argument....   [tags: poor, wealthy, adam smith]

Better Essays
787 words (2.2 pages)

Unequal Distribution of Wealth Essay example

- The way money is distributed within the United States is unbalanced, with the majority of the wealthy owning the bulk of the country’s wealth. Wealth can be defined as a person’s assets and monetary gains. This unequal distribution has caused numerous economic and geographical problems, such as how resources are divided among countries, how developed or industrialized a country is in relation to wealth distribution and the wide spread of disease and lack of medical attention due to an absence of money....   [tags: economy, depression, gender development index]

Better Essays
1472 words (4.2 pages)