IP (in it's current form) is morally offensive.
Against Intellectual Monopoly
Musicians get majority of their money from live performances, so really only the record companies profit from it. I believe that if there was removal of copyright (remember selling someone else's work as your own is fraud) there would be more live shows and more small time performers would get a leg up into the industry and the CD's would still sell, but at a more reasonable price.
All forms of Art would still sell, there would just be more competition.
I believe rolling back IP into the ability to claim a percentage of the profit made on any sale of your creation is a fair idea, but i can not and will not support the monopoly on the use of ideas.
If a charitable organization wanted to produce a medical treatment and only charge the cost to the end user, then the law should not stop them. If they wanted to make a profit, then the law should not stop them. The law should only make sure the person who made the treatment possible gets rewarded.