Well, no. It's still plagiarized if you fail to communicate that it isn't your original work. You can't just steal ideas from someone else's paper, even if you rewrite everything. If you rely on another paper for inspiration, you have to cite it. If a student submitted a paper that was just another paper entirely rephrased, that would not be acceptable in the least even if they cited their source because the expectation of writing a paper is that you contribute something novel and not just regurgitate someone else's argument