Every manager I've ever had I've ask for a raise and everyone of them have given me the option to show up Monday or find a new job. This is fanciful thinking in a priviledged industry and doesn't represent most employment relationships.
The reason I ask this is because every time I've asked for a raise I've been underpaid relative to the market and known it, and been able to walk into a meeting with a list of numbers recruiters have sent me and credibly state that I'll have to consider other options soon. I would be surprised to find this hadn't worked for someone else, and even more surprised to find they hadn't left.