Since this wouldn't deprive anyone of any claimed private property it might be accepted by everyone quite easily. This rule is largely applied at present in regard to the bahavior of drivers of motor vehicles. When I drive on the highways I behave in ways that require governing. I could kill someone. So, I am rightly charged for my fair share of the needed governing.
Power tends to corrupt.
So, to the extent that individuals or corporate bodies generate economic and other powers they need to be governed, and should be charged accordingly. The ordinary law-abiding person should be charged very little or nothing at all. At some point there would be no advantage in having title to it for the purpose of leasing it to others, only for one's own use. At that point fee-simple deeds could be replaced by property in the form of protected leases. I welcoome these.