There will be personal property accruing from the just earnings of one's labour
This is tricky, in my opinion. Like many people who align themselves with a socialistic ideology in the West (roughly, myself included), it is difficult to support a system where private property is abolished. If a level playing field in society an be established, than a meritocracy makes sense, however generational accrual of wealth and property, even very small ones, add up over long portions of times, and inequality in opportunity will arise. Further, pinning down what constitutes "just earnings" will be fraught with with difficulty; does the owner of a small business earn a higher wage because he was creative enough to come up with a desirable product to sell? What is the value of creativity and leadership?