Gospel of Wealth doctrine

Definition

The Gospel of Wealth doctrine refers to the belief that wealthy individuals have a responsibility to use their wealth for the greater good of society. It suggests that those who are financially successful should engage in philanthropy and contribute to social progress.

Related terms

Philanthropy: Philanthropy is the act of donating money, resources, or time for the purpose of promoting the welfare and well-being of others.

Social Progress: Social progress refers to positive advancements in society's conditions, values, and quality of life for its members.

Income Inequality: Income inequality is the unequal distribution of income among individuals or groups within a society.