I'm going to be called a negatron but I feel the whole plan is flawed. 

Under your approach "his leads to a society where the state does not need to know anybody's income, wealth, or transactions". 

"Doesn't  need" isn't in the same ball park as "doesn't want". Taxes are not just about revenue, it's about power and control,  same as it's always been. 

Keep the citizen's nose to the grindstone,  be a good boy, pay your taxes and contribute to society. Do NOT stick your head above the parapet and question the absolute bullshit,  consumer driven madness we are all part of. 

Taxes are here to stay for the majority.