"This will always be the case so long as enough people believe that they need masters."

Not necessarily.  Suppose a technology arises that allows people to shield their wealth from taxation. (I'm looking at you, crypto-tech!) Even if an individual believes masters are needed, he probably won't voluntarily fund them if tech makes taxes effectively voluntary.

Here's an article I wrote years ago titled The Revolution Will Be All Business:
https://web.archive.org/web/20110806111526/http://www.anti-state.com/article.php?article_id=242