The problem with that approach is that you put everything behind a wall. Only the "rich" will have access to information. I wouldn't call that a free (as in freedom) and open web.

I disagree. Libraries existed before the internet, and if the internet were healthy, it would contain an analog.

Do you really believe sites like stackoverflow should be locked behind a paywall? This will put poor people and especially children who don't have access to their parents credit at a massive disadvantage. I don't think you have realised it but I'm not talking about news sites that optimize their profits with click bait, this is about the entire internet.