I subscribe to the maybe top 10 sites I visit, but there is a huge long tail of useful sites that I visit infrequently or even just once that need some way to pay for their expenses, and three decades into the www, we still have no good way to do so.
There is no good micropayment system. All the options have high payment processing overhead, and poor privacy - either requiring me to share strong identity information directly with the site I'm paying, or letting some third party have information about every site I support (or worse every site I browse), or both. And the cryptocurrency folks have priorities and values that so far have been incompatible with making a system that is actually useful as currency.
Simply banning all tracking and targeted advertising, and going back to passive advertising targeted to the site's demographics, not a specific person, would work just fine for large sites. NYT did it and fared well - but NYT readers are themselves a valuable demographic worth targeting. Some random blog not so much - they would almost certainly see their ad revenue plummet in such a scenario.
I'm in favor of pretty strict privacy legislation, actively take technical measures to protect my privacy in the meanwhile, and will continue to support those actions even if they have negative consequences to the sites I visit. But what I really want is to have some way to support sites that doesn't violate my privacy. This proposal is less bad than the alternatives.