I'm not sure how it would work either or if it would. As new technology develops old technologies also become obsolete - thus as we have more laws dealing with

I'm not sure how it would work either or if it would. As new technology develops old technologies also become obsolete - thus as we have more laws dealing with biotech and airplanes, we can get rid of laws dealing with leprosy and stagecoaches. More importantly this might force legislators to write their code more efficiently and address the intent of the participants. You do make some good points about limiting the total size of the legal code but NOT limiting the size of the legal code, as we do now, also has some serious drawbacks.