American debt/GDP ratio in 1945: 125%. In 1980: 35%.

British debt/GDP ratio in 1815: 225%. Financed by selling 100 year Consols with a 4% coupon. Edmund Burke said, "I should rather be a slave to the Turk than to this debt." He was completely wrong. The denominator--high GDP growth--took care of the debt. To paraphrase James Carville: "it's the denominator, stupid."

China: much higher debt/GDP ratio than with far worse demography and a bursting real estate bubble.

https://ljgolden55.medium.com/zombienomics-or-nikki-haleys-day-of-debt-reckoning-c63ac5e3635d

A wealth tax indexed to the Gini coefficient would balance the budget and pay off the debt. https://medium.com/the-national-discussion/how-to-stop-the-plutocracy-game-index-the-top-1-s-tax-rates-to-decreasing-inequality-a3a19f42cd97

Switzerland and the Netherlands both have wealth taxes. My two partners in our angel investor group in Amsterdam and Neuchatel both pay it. So empirically, we know that they're compatible with good growth and don't cause capital flight.