The only thing that governments would need to do to stay in business is to tax things that can't be hidden, like land and real estate. I'm hoping they go with a single land value tax.
Then, governments cannot longer be "socialistic" by promising something for nothing. To do new awesome "government service" they'd have to raise taxes and then the lie will become obvious. Since no one really wants governments if they don't get free stuff, governments will quickly lose any moral support and will be viewed as plain thugs.
Yeah, sovereign debt will become a thing of the past and that's a good thing. Not sure how this is related to socialism though, at least in the strict sense of the word. It's more about short term thinking than anything else.
So you are saying you have evidence that without government you necessarily end up with pirates running around with guns? Remember that Somalia is in this state due to utter failure of government in the first place.
Right - the government stopped working, and people realized they don't need it. Mysteriously, this has lead to decades of chaos, despair and starvation rather then an economic boom.