Economist warns Australia faces UK-style inequality crisis

Gary Stevenson, a former London trader turned social media economist with over 2.5 million followers, warns that growing wealth inequality is causing falling living standards for ordinary families who increasingly cannot afford homes or basic necessities. He advocates for taxing the ultra-wealthy rather than working people, arguing that billionaires currently pay effectively nothing while workers pay 40-60% tax. Stevenson is touring Australia to urge action before the country experiences the same severe inequality crisis currently affecting the UK, where half of families struggle to simultaneously feed children and heat their homes.

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