In a way, this is how property ownership works now. "Owning a home" is a license from the government. Obviously, you're license will be revoked if you don't pay taxes. Also if the government is overthrown, your deed won't be worth much. (ask a Palestinian).
I've always thought it was weird that a person could own land. This is a ridiculous idea from a geologic perspective. IDK if it's real, but I've heard that Native Americans though that a person claiming ownership of the land was like a flea claiming ownership of the dog.