According to Plato, the reason for not giving private property to all classes is because

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Plato believed that allowing private property, especially for the guardian class, would lead to personal ambitions and conflicts of interest, undermining the unity and efficiency of the state. He argued that economic and political power should not be concentrated in the same hands to prevent corruption and ensure the rulers focus on the common good.

According to Plato, the Reason for Not Giving Private Property