I have decided to try to explain my #TaxationAlternativeAlgorithm (#PlantingFountains)
This involves industry moving towards replacing governments with welfare responsibilities through aggressive competition. This involves the setting up of wealth funds through business activity that are owned by businesses. A percentage of sales (Let's say 5%) by a business are taken out of the shopping process and placed in wealth funds. These wealth funds are then invested in assets (e.g. shares, minerals, crypto). For the wealth fund, a percentage of assets (Let's say 1%/year) are taken out of the the wealth fund and reinvested into the community. Based on share market history, over time the wealth fund grows so big that the money coming out of the wealth fund is greater than the money going into the wealth fund. (I call this #FountainStatus) When this happens, the amount of money going into the community through the businesses starts competing with taxation revenue as being a more valuable contribution to society. If businesses targeting to use fountains to compete with existing businesses, they can sell staple goods for lower prices and make money selling food below cost. As more and more businesses and not-for-profits start planting fountains to be more competitive, businesses and not-for-profits can replace government taxation systems as more effective and better targeted community oriented funding to look after community needs. It might take about 50 years to make the full transition but this opportunity opens the door for phasing out taxation systems for good.
I see this alternative to be very attractive to Libertarians who are advocates of small governments and minimising interference by governments into operations. 50 years may seem like forever but in the scheme of things this is quick. There are ways of accelerating this faster.