You own nothing. HaShem owns everything. The Rabbis issued a gezerah to require that the things that HaShem had lent to you be lent to a different person. Secular governments do the same thing for hundreds of years — at least since the enactment of the Poor Law in England in 1601 (versions of which were enacted by every colony).
Right. But it isn’t the same thing. Because you do it simply out of not recognizing a property right, instead of out of G-d reallocating it.
So I ain’t sure what you’re getting it. You seem to be saying that once G-d owns it, now there are no more rights on earth–which certainly doesn’t accord with anything in the Torah.