If everyone becomes landlord, investor and owner then who will become Doctor, engineer, teacher and farmer? There would be shortage of labor who give services and wages would spike for such jobs. Secondly if everyone own assets , the returns on those assets will drop. For example a house that give 8% rental yield would give 5 or 4 percent. So passive income will get harder. Thirdly if too many people sit out and let money work for them productivity will drop. The highlighted point could be if everyone is trying to collect rent then who will pay the rent. You can't eat just the ice cream someone has to make it first.
What are your thoughts?
This reminds me of one definition I read in a biology book, that people, animals, and everything that is alive on Earth is different from one another. There are different kinds doing different things, fulfilling the needs of others, and then using the services of other people to fulfill their own needs. No one can learn every skill, or maybe they can after spending a lot of time learning, but still no one can master every skill.
Anyway, people need each other, and not every one of us can become a doctor or an engineer because there is a natural chain that people follow. By nature, some are good at one thing and others are good at another. That's why I can't be a doctor if my memory is weak and I am afraid of blood.
