This is also already true. The personal income tax rate is 0%. Most types of companies don’t pay any taxes either. The only tax you directly incur is the VAT of 5%.
> Will this be an ideal egalitarian society?
In the future, it’ll probably transform more and more into a sort of hyper-capitalistic and highly-successful country like Switzerland.
Yup, it’s happening. Gigawatts of solar power is being constructed. The UAE is getting this solar energy at the cheapest price per watt worldwide as well: https://www.forbes.com/sites/dominicdudley/2020/04/28/abu-dh...
> will be dependent on importing talented labour
This is already happening at a massive scale.
> That will only happen with low tax rate
This is also already true. The personal income tax rate is 0%. Most types of companies don’t pay any taxes either. The only tax you directly incur is the VAT of 5%.
> Will this be an ideal egalitarian society?
In the future, it’ll probably transform more and more into a sort of hyper-capitalistic and highly-successful country like Switzerland.