Yes. There’s nothing particularly special about Australia that he’s pinning his argument on.

He also does have an agenda—the Laffer curve nonsense kind of gives it away—but I sincerely doubt that the extravagantly wealthy are going to swoop in and save the billion-plus elderly people that are going to find themselves priced out of living in the future this economic model predicts. Certainly not out of the goodness of their collective hearts.