Not quite radical enough for me. I'd start with music, where the present setup has all the nuisances of artificial scarcity while simultaneously being extremely bad at rewarding artists. Sure, track what people are downloading or listening to, but fund it by taxation on related equipment. This is a common proposal, but a) don't hand out the money via a shambles like the PRS b) remove all restrictions on copying music electronically.

Now you've got no incentive to avoid the tracking. Quite the opposite - the issue is with stopping you ballot-stuffing to route cash to your favourite band. It doesn't kill off recording studios; if you think paying for a high quality recording will improve downloads, go for it (but we'd better have a rule that an advance for recording can at most be in lieu of income from that specific recording and you can't enter into a restrictive agreement for future recordings). If you want to print physical copies, go ahead; they're still protected.