In 1865, Andrew Carnegie established his own business enterprises and eventually organized the Carnegie Steel Company, which launched the steel industry in Pittsburgh. At age sixty-five, he sold the company to J. P. Morgan for $480 million and devoted the rest of his life to his philanthropic activities and writing. During his lifetime, Carnegie gave away over $350 million. Carnegie was perhaps the first to state publicly that the rich have a moral obligation to give away their fortunes.
I have not heard of the rich doing that in my lifetime.
The present multi-millionaires could join forces and greatly reduce medical costs for all Americans. What better use is available? Billions of dollars in saving accounts helps no one.
Lou Barber
Ruston, La.