Instead of dumping a tax abolition.... take it down slowly in the form of MASSIVE INCENTIVES to re-industrialise. It makes sense. You could eliminate tax all together, but you risk a capital flight to foreign goods. Better to take it down in a way that improves domestic industrial investment.
Later, once the industrial base is rebuilt, you can remove the taxes wholesale, and you are now in a better position. It's actually genius.
Instead of dumping a tax abolition.... take it down slowly in the form of MASSIVE INCENTIVES to re-industrialise. It makes sense. You could eliminate tax all together, but you risk a capital flight to foreign goods. Better to take it down in a way that improves domestic industrial investment. Later, once the industrial base is rebuilt, you can remove the taxes wholesale, and you are now in a better position. It's actually genius.
This. If you just remove income tax overnight. All you get is massive inflation and no incentive to reindustrialise at all.