The Dedicated Poor

I was reading the little bit of J. Kennedy Shultz’s writing on prosperity. I don’t have much of his work, but I do have a few essential pages. So I thought that I’d share a little of what I have.  If you like it and have more of his work, perhaps you can send it to me or tell me where I can find it. Well, here is what he says about the dedicated poor.

The Dedicated Poor

by J. Kennedy Shultz

“The dedicated rich will always get richer no matter how much money you take from them, and the dedicated poor will always get poorer no matter how much money you give to them. Because both wealth and poverty are states of consciousness. They attract and repel money automatically no matter what the world is trying to do to make us all economically equal. This accounts for the utter failure of socialism in spite of all the years of effort, and all the terrible coercion employed in trying to force it on people as a way of life. As they say, capitalism is unjust, but socialism is impossible.

During the Great Depression which began in 1929, the markets of the world crashed, the banks failed, and there was a world wide dislocation of money. There was no shortage of money as people commonly believed. It just was not circulating and feeding the economy of the world as it should. It was frozen by fear and greed. Very nearly everybody who had any money lost a lot. Some of them, all they had. But when the thaw came, and money got flowing right again, guess where it flowed! It flowed right back into the pockets of those who had it before, and right over the heads of the ones who never had much of it to begin with – because they had no sense of wealth. They were poor people. They were people who were used to looking for free and looking for cheap, and money never did come their way because you don’t really need much money if you are looking for free and looking for cheap.”