Every coin would need some form of subsidy, else there would be no way to distribute the initial coins.

But it would be nice to see a coin where this subsidy doesn't go to the miners, but to random users for example. Normally alt-coins attract a lot of miners, and almost no users. This coin would attract a lot of users, and almost no miners, so the opposite. But since a lot of users means a lot fees, in the long run those fees would attract miners anyway. So I agree, it would be a interesting experiment.