What is wrong with my vision of karma?
From a Theravada Buddhist perspective, this theory suffers from the error of an enduring self.  It is dependent on their being a persistent consciousness or, at minimum, some sort of enduring higher self.  From a Mahayana perspective, this theory establishes an erroneous dichotomy between form and emptiness.  There is ultimately no distinction between the bag (i.e. the body), consciousness, and the universe.