It's worth being precise about this because it's a really important point. Most people who we call "landlords" are simultaneously a
landlord and a
property manager. Property management is an important and productive job. But the vast majority of such people's financial outcome is actually from being
a landlord, that is doing
literally nothing except holding a piece of paper granting them monopoly on a plot of land. That plot of land's value (separated from the buildings on top of it) is generated, by definition, by the community
surrounding the plot.
So when you say landlords are the least productive class in society, it is that they are totally unproductive by their nature. There is literally nothing to be produced! The land is there regardless! Then the fact that they collect a tax on consumption of a good they did not create makes them a negative-productivity component.
If you remove landlords (but keep property managers, developers, etc, which are all different jobs sometimes played by the same people), it would be a strict improvement to everything about our economy.
So when you say landlords are the least productive class in society, it is that they are totally unproductive by their nature. There is literally nothing to be produced! The land is there regardless! Then the fact that they collect a tax on consumption of a good they did not create makes them a negative-productivity component.
If you remove landlords (but keep property managers, developers, etc, which are all different jobs sometimes played by the same people), it would be a strict improvement to everything about our economy.