It sounds nice but there's no way I would jump on something like that without seeing the fine print. As I see it your just paying it as a fee to get out without getting arrested. So it doesn't necessary GO to anything. If it does, I would want to see exactly what it goes to then I would need to see the list of things I would then be responsible for, school, medical college (state schools), student loans...etc.
You could itemize where it goes more clearly, obviously just owing money without it going to anything beneficial to you or your family is pointless. The main points for me are; social security feels like a ponzi scheme and medicare is something that I personally would opt out from as well as other federal programs.
All the rich would opt out, and the remaining, lower bracket, taxpayers wouldn't be able to sustain government services with only their taxes. So effectively there won't be any government assistance for anyone.
Solid view, realistic.
The way it would have to work is the top 1% wealthiest citizens or so should not be given the option to opt-out. Some of the wealthiest individuals(bill gates, warren buffetWarren Buffett, Bill Gates ask billionaires to give away wealth | Reuters) have chosen to give away up to 98% of their personal wealth to charity, that shows they can afford to lose that much and still be confident and comfortable in the way they will live w/o that worth. That being said, those two guys are not like Bernard Ebbers or kenneth lay who also probably made up the 1%. This partition of tax revenue could probably keep the poor and sick alive.
It's an idealism with gaping holes in certain places, but it would be a nice option for the lower-middle to middle class if it could be worked out.