No. Any mechanism by which copyrights can be maintained forever will be abused. The DisneyCorps of the world will just automate the system to the point that long after human life is extinct, their computers will continue renewing copyright and submitting payments.
Why? Because if they ever let copyright lapse, even on property they doubt will ever make another dime, somebody else might make a profit off that work, and that would be money the copyright holders would feel they lost due to negligence.
How about this: Copyrights can be renewed periodically... by the original creator of the work. Make copyrights non-transferable, and no matter how stubborn and greedy the content creator is, that iron grip will die with him or her.