I don't have an answer, but to flip that question: If the very wealthy can live on passive income from accumulated wealth, then why can't all of society?
Per https://www.forbes.com/sites/tommybeer/2020/05/21/the-net-wo... the combined net worth of every US billionaire was 3.4 trillion in May of this year. Per https://www.pbs.org/newshour/nation/3-ways-that-the-u-s-popu... there were 331 million Americans in January of this year.
Dividing that out: $10,271.90 per person. Not enough to live on the passive income even in the cheapest parts of the globe.
Why do you think that is the right metric? 3.4T is obviously a vast amount of money.
Probably because it sounds like utopian nonsense.