Excerpt from Carnegie's The Gospel of Wealth:

Background: In The Gospel of Wealth and Other Timely Essays, published in 1889, the industrialist Andrew Carnegie argued that individual capitalists were duty bound to play a broader cultural and social role and thus improve the world. Not everyone viewed Carnegie as the benevolent philanthropist he presented himself to be. His antiunion stance and efforts to get maximum work for the least pay placed him in another light for workers. A "Workman” published a satirical response to Carnegie's book in an 1894 issue of a Pittsburgh labor newspaper.

This then, is held to be the duty of the man of wealth: To set an example of modest, unostentatious living, shunning display or extravagance; to provide moderately for the legitimate wants of those dependent upon him; and, after doing so, to consider all surplus revenues which came to him simply as trust funds, which he is called upon to administer, and strictly bound as a matter of duty to administer in the manner which, in his judgment, is best calculated to produce the most beneficial results for the community—the man of wealth thus becoming the mere trustee and agent for his poorer brethren, bringing to their service his superior wisdom, experience, and ability to administer, doing for them better than they would or could do for themselves...

Source: Andrew Carnegie, The Gospel of Wealth and Other Timely Essays (1889).