Plus governments can seize property within their jurisdictions. That danger you point out is always present regardless of miner compensation.

Yes, of course. But I see more likely that in the far future block fees will be worth more than the current fees + subsidy (just like the 50 BTC subsidy of 2011 was far less valuable than today's one of 6.25), not that they'll be worth $5. What's your view of the issuance schedule, then? Do you see it as too harsh?