Your concept is correct in that it replaces real resources for money. It is the resources that money can purchase that is of primary concern to most people. However, the way that you explained it assumes that all resources are currently deployed in the private sector and some must sacrifice their share to enable others to gain a share.

Our current system leaves a lot of slack in resources and labor on the table that could be deployed to the benefit of everyone. The decision to build a highway, or not, as example should be based on the availability of the concrete, steel, land, and labor necessary to complete the project, not the revenue position of the federal government. If all of those are available the money should be created to fully utilize the capitalist economy for the common welfare as mandated in Article 1: Section 8.

Demanding taxation revenue be sufficient to complete the project actually presents the conditions you describe by removing monetary assets from the private sector, effectively "stealing" those resources without compensation.