And it should obviously vary on the thing we're talking about. Copyrights, Trademarks, Patents, and Software Patents are entirely different things. General "IP" is a lawyer invention.

What I really want to see is the removal of IP as a protected asset that can be traded. I only want the original creator (a human, not a corporation) to get exclusivity for their work. They can license it to people/companies while alive, and MAYBE assign a beneficiary upon death that gets some temporary exclusive rights to it, but that's it.

Patent law doesn't necessarily prevent that scenario today. If you're a small company and a big company clones/steals your patented tech, they'll just drag the lawsuit on as long as possible in an attempt to bankrupt you.

Or some Chinese firm will do it, and you'll have to bank on Customs seizing the shipments of infringing product as they're imported. That's something big companies have trouble doing let alone small-timers.

There is plenty of reason for invention. Make life better. That's the incentive. When money is the driver of incentive in society you're already starting from a complete wrong position. IP law actually stiffles invention and is far from fair. Just because I invented an idea 1 second faster than when you would have invented it (an exaggeration) doesn't mean I should get 10-15 years of a monopoly on it.

People will still invent things. Oh maybe they wouldn't invent mindless music and stupid tv shows and movies and other degenerate things but actual beneficial industrial innovation would still be invented because they improve productivity and efficiency. People would still make art and stories and some plays and movies etc... Because it's not about the money. I think you'd see less media but more quality media.