Yes, but without some form of ownership -an asset of any kind, you have no liberty- period. In order to be a free person you must either be totally self sufficient (that means you own your own land, animals, garden , water resources, etc.) or you trade your talents into the marketplace to receive sustenance (your labor, your good works, your exceptional intellect, whatever). For you to trade your talents you have to have some means to get them into the marketplace; ie some form of assets that you own. Otherwise you are always in debt to something or someone else with the primary objective being to obtain a point of "positive equity" in order to experience freedom to market your talents. Without assets you will never experience liberty. This was the entire basis for our system of government- to ensure that we collectively kept the force of government at bay to allow free people to own and thus trade freely.
How do you experience liberty without owning assets (some form of property)? We have 40% of the population with NO assets. I agree that it only makes sense that these folks must invest their sweat equity to obtain assets and freedom. But the skewed deck is stacked so high that they either have to borrow significant sums to get to play in the "game" or spend significant amounts of energy saving (at a rate of continual relative loss) in order to try and trade up the wealth game. Its doable but unless you are born into wealth you better hope the dice are rolling in your favor- because without a college degree or technical education of market value (which costs about 8 years of an average labor rate to obtain), you will not make enough, to save fast enough, to beat the inflation rate in order to start to own something and thus experience the great American dream.
Or you could send your son up in an inflatable flying saucer and then get a TV gig out of it, become famous, write a book and make millions in an instant.
And finally you might hit the lottery and get off the hamster wheel.
Want DP delivered to your inbox daily? Subscribe here: