This was the position of Pelagius and Julian. They were both excommunicated for this heresy.
Original Sin is the absence of sanctifying grace in the soul at conception and birth. Baptism remits this fault, which is not personal, but is communicated from Adam by natural generation, by infusing the newborn with the life of God. It is not an empty ritual.
If sin is ontologically to be void of the life of God, then a newborn has sin, because we are not born into the world connected to the Lord. If remission of sin is a process whereby the life of God is infused into the soul, either for the first time in Baptism, or again in Confession, then a newborn has this original sin remitted by the Sacrament of Baptism.