Adding onto this: local, regional, and to an extent long-distance transport should be a *public service*, not a business. People need to get places, so adequate means of travel needs to be provided. Take another service that has varying levels of demand: local doctors/GP surgeries. You will have a mix of people booking a few weeks/days in advance, and walking up on the day (or at least you would if the NHS hadn't been broken by the Tories), but you would expect that your doctor is in on the days they have posted in advance, you wouldnt wait for the receptionist to call them in just to see you. It's impractical and adds a massive amount of unpredicatbility.
This also applies to this, frankly absurd, proposal. The last thing today's railway needs is more unpredictability, what with the state of chaos and managed decline we are currently in. We need a stable rebuilding of services, with turn-up-and-go frequencies where possible.