We have self driving cars, AIs that can make hyper-realistic images and conversations, advanced genetic engineering, and a plethora of other powerful technologies, sciences and maths and we still have to pay for essentials like food and water, some of which can barely afford to feed themselves and make rent.
We'll have to pay one way or another obviously. But taxes exist and should be used for the greater good of the whole population, not as handouts to the greedy. A whole lot of things could/should be paid or subsidised by tax money to make basic needs accessible to everyone, instead of being sold off for profit.