Our team has all our permanent stuff spirit linked currently except for one 2 rit perm item I own. (Though I tend to cast spirit links on it). If we could pass around our items for when people are not around.... it would get crazy fast.
That said I am totally against removing perms. One thing I have really tired of is the Loot grind in alliance. I finished a 20 rit perm sword earlier this year after 7 years of gathering stuff for it. I am done. I dont have to worry about looting mobs, hoarding ritual scrolls. I am more then happy to just take my part of the split and spend the coin on PC goods like food, drinks or even soap.
Personally, If I had to keep in the loot grind forever to just maintain a magic weapon, it would kill the game for me. Over my 20 years I have taken many year brakes before. If I lost all my items cause I was out of the loot grind for a while. I would likely not bother coming back at all.
There is something great about being done with the loot part of the game. I realize I am not everyone, some people will always work toward the next item. Or not even care about the first. But without perm being in the game, there is no done state for players of like mind. You are forever stuck in a never ending loot grind. Which sucks, imo.