New Economic Model for Digital Arts

I just read this Wired article about a new economic plan to financially compensate artists for their work. It goes something like this: (a) Artists register their works with the copyright office. (b) Track music downloads. (c) Pay artists from a public fund generated by a tax on MP3 players and Internet use. Popular artists will receive a larger cut depending on how many times their works are downloaded.

Terry Fisher, the Harvard Law Professor who is proposing this scheme, points out that this method will effectively reduce the high cost of music and provide artists with a much better revenue.

The usual complaint that artists aren't responsible for their own promotion was raised in the article as well. Frankly, I'm tired of that argument.