Well if your raise revenue, and keep spending the same, you will eventually have a surplus. As far as people moving their money, I know bank transactions have gotten easier since the 50s, 60s, and 70s, but we had much higher tax rates then and a lot smaller deficit and debt.
As far as cutting spending, what do you suggest we cut? As I stated in a previous post, social security, medicare and Medicaid, defense, and interest on the debt make up 72% of the federal budget. Even if you completely got rid of the other 28% of spending we would still have to borrow to be able to completely cover that 72%.
Your point about keeping spending the same is a good one.
We do not do that. Automatic increases are built into the budget process.
If we simply froze spending we would go a long way toward reducing the deficit.