No, we had a revolution to separate us from the King of England, as in... they had a KING, a RULER, an EMPEROR, and he was mandating unreal taxation on the people, much like an out of control special-interest-laden congress of today, actually.
It's not the philosophy I am endorsing, I would hope we all live by the philosophy of making the choice of how to spend money we earn. It's pretty basic... I mean, who has access to your checking account? The guy next door? No, because he is not entitled to decide how to spend your hard earned money. My idea is just an extension of that simple principle. The decisions in government on how to spend the money, would be made by those speaking for who made and earned the money. I've yet to hear an argument why this wouldn't be fair or wouldn't work to reduce our national debt. It is in tune with your "run government like a corporation" line, so what's the beef?