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A UK millionaire economist who made millions betting against the economy warns that Australia's extreme wealth inequality will destroy the middle class within 20 years, as billionaires making a million dollars a week passive income are buying up all the assets that ordinary Aussies can no longer afford. He argues that unless Australia implements wealth taxes on the super-rich, the country will collapse into a two-tier society of billionaires and everyone else, despite being one of the most resource-rich nations in history.

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