Carnegie argues for the proper administration of surplus wealth primarily for two reasons. Firstly, he believes that excessive accumulation of wealth in the hands of a few individuals can lead to societal unrest and instability. By advocating for the redistribution of wealth for the common good, Carnegie aims to mitigate the potential negative consequences of extreme wealth inequality. Secondly, Carnegie subscribes to the notion of philanthropy as a moral duty of the wealthy. He argues that those who have amassed great fortunes have a responsibility to use their wealth to benefit society as a whole. By administering surplus wealth for the common good through philanthropic endeavors such as education, healthcare, and infrastructure development, Carnegie contends that the wealthy can contribute to the upliftment and advancement of humanity, thereby fulfilling their moral obligation to society.
a. What are one or two reasons why Carnegie makes this argument about the proper administration of surplus wealth?