>

"They merely claim ownership" lol. They didn't just walk into building and call it theirs. They made a purchase, with their own money, which they earned. They bought the property. That makes it rightfully theirs. They own it. 
Renting it out to other people is within their rights, and if people accept that rent contract, how is that a fault on the landlord? It's not the landlord's fault if other people can't afford to own property like the landlord can, because the world isn't fucking fair no matter how much you whine about it. Some people have more money, some have less. Get over it. 
In an economy like this, passive income is the only way people can hope to live lives that aren't paycheck-to-paycheck misery. You're just here to bitch and whine about landlords like lots of others I've seen on Reddit, but you've gone a step further and veiled it in this bizarre anti-stance on passive income.
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These people did not build the property

They do sometimes.  There is a cul-de-sac in my town that was built and owned by a contractor who rents the houses out.

they don't maintain it

They almost always have to by law.  I also know landlords who do all of the maintenance themself.  

they merely claim ownership of it and then have their mortgage and life sustained by the labor of others

That could be said about anyone who owns any business.

There's no risk involved in it because housing is a necessity.

There is a ton of risk involved.

Professional Investors, shareholders, executives, stock traders, etc these people are allowed to amass ludicrous amounts of money and throw it wherever they please

My last landlord is an upholsterer by day.

I also don't believe working hard early in life should reward you with the ability to passively collect income from younger generations.

You don't think living off the interest of an investment should be a thing? >


You don't think living off the interest of an investment should be a thing?

At a minimum, it shouldn't be such a strong and integral part of our economy, mainly because it encourages class divisions to the point of tensions bordering on outright hostility.
"The rich keep getting richer" is possible (in part) because we treat passive income as functionally and ethically the same as active income. >

It is the same or better.  Passive income is capital that is invested in the economy. >

passive income from landlording only benefits the landlord, the rest of the economy suffers as a result >

Well it also benefits the renter - if it didn't, they wouldn't rent. >

It's a shocker but turns out people do need shelter to survive. We've constructed a system where an arbitrary line (who started with money and who didn't?) is drawn between those who get passive income forever and those who are squeezed for every spare penny of income available to them. That's not a good system.