This is one thing that Karl Marx and Adam Smith agreed on: landlords are parasitic that reduce economic output. It's another way we're returning to a virtual aristocracy as land gets concentrated in fewer and fewer hands.
This is all going to further fall apart once we don't need everyone to be employed. Arguably we're already there. What are the rest of the people meant to do? Starve and die? At some point you realize the only way forward is to collectively own the wealth you help create.