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One is that it might well make it hard for artists to provide for their descendants - sure, you can leave them what you earned from copyright in your lifetime, but if a large part of your property is going to dissipate at the moment of your death then that will cause you problems.
A second is that it would mean that if two artists, one 20 and the other 90, produce identical pieces of work then only the former will be able to make any profit out of it, because everyone can just wait around for the latter to die.
A third is that reducing the length of time something remains in copyright, and placing restrictions on who/what you can sell it to, would greatly reduce the value of a work of art.
A fourth is that I suspect that rates of piracy wouldn't be much lower under the system you propose than under a more rigorous copyright system - people who won't wait til 25 years after the author is dead won't wait until then either.
So, in summary, while I don't think your proposal would make it impossible to make a living through art, I think it would make it a lot harder, and I'm not sure it would help with the problem of easy disemination of information much either.
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