As usual, Brilliant! But... maybe the government could cut taxes to zero and just borrow all of the money. Why penalize the serfs if the government has more than enough cash flow to cover the debt service? Cut taxes to balance the cash flow with the debt service...
Maybe government should be funded by a single uniform 15% tax on income from the very first dollar, not deductions or exemptions or games or favoritism of any kind. Maybe if men regarded such a system as their birthright and were as mad about any proposed deviation from it as they are these days about the horrid notion that anything anyone does might benefit someone richer than themselves, governments would control their spending on useless boondoggles and reckless giveaways to deadbeats and lieabouts. Maybe if any government spent too much under such a system of funding, debt servive would instantly begin to eat up their limited and immovable revenue stream, forcing their net transfers and extractions back down again. And maybe the growth and dynamism we'd all get out of such a fair and efficient system, compared to idiotic resentment and envy based mutual hatred that leads nowhere, would produce a rising income stream that would dwarf anything that socialists or populists dream of in their endless and pointless rich soaking campaigns.
Except for the part about "maybe". These things are just so. Any rational and unbiased man can see them.
But where are there any unbiased and rational men?