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User: Some+Wierd+Name

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  1. Re:Warren Buffett on Who is Your Hero, Gates or Jobs? · · Score: 2, Interesting

    Actually this is very similar to Andrew Carnegie. Given that I am not an historian, but I recall a few bits of interesting note about him.

    [] Vehemently opposed Income Tax. He felt those that are able to make money, tend to make more not just for themselves but for the community as a whole.

    [] Supported Inheritance Tax. Belief that a truly deserving individual will earn his own fortune.

    [] Felt that entrepeneurs/philanthropists should keep the welfare of their community in mind. A healthier more educated society creates a better group of employees. This in turns helps the company to improve. Circle of life type of thing.

    [] In the steel industry, was the first to provide 8 hour days for his employees when the norm was 12 to 14 hours. He felt that he could lead the rest of the industry by example. Sadly, the industry did not follow suit and due to the economic pressures he had to revert back.

    [] Set up some the very first public libraries and colleges. This opened the door to whole new world for quite a large number of people.

    As I said earlier, I am not a historian, but who among us have not heard of the many foundations and public institutions that he help found (Carnegie Foundation, Carngie-Mellon, Carnegie Hall?).

    Yes, each one of the things that he did had an underlying motive of providing him with more resources. But the net effect was to raise the standard of living for society as a whole.