Ip rights should just end after a relatively quick slice of time. You made your money off it, now it’s time to pass it on to the public. A payment model just ensures the only entities who can hold ip long term are corporations.

That's how it was originally but over time the terms have been extended (largely due to advocacy from organizations that own large catalogs of copyrighted material). It's now tied to the life of the creator rather than the time since creation or publication.

This is the simple solution. 10 years seems fine to me, 20 years at a stretch.

The current regime is a clear case of regulatory capture.

So musicians should not be compensated when their old songs play on the radio? You made your money in 1974 now move along while my company exploits your work for free.