[eldavido]

In theory, yes. In practice, most people aren't entrepreneurs. Try convincing someone living in the Bay Area to walk from their 200K/yr plus stock units from FB/Google/etc. and you'll find out the reality: what really separates capital from labor is risk tolerance.

Labor = show up, do your job, get paid. Capital = put money at risk without any guarantee of getting anything back, let alone earning a profit. Capital makes the rules because half of America is two paychecks away from bankruptcy (I read this somewhere credible) and can't/won't take any risk.