The point of a journal is not for people to express their feelings, but to provide researchers with a collection of papers that are, at least, mostly, not garbage. Journals publish the work of others and farm out the review process to others, their only real functionality is that of a gatekeeper.

Since a good chunk of researchers are funded in part by the government, I guess most journals would end up having to follow this "publish everything" requirement (money is fungible and some of every grant goes to administrative overhead, so you could argue anything any most universities touch is funded in part by the government).

Most publishers publish multiple journals, though, so I guess they could follow your rule as long as they were allowed to open up the, for example, "IEEE Journal of Perpetual Motion Machines And Straightforward Proofs That P=NP."