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The New York Times pegs Rockefeller at $192 billion, in real 2007 terms. Adjusting for inflation is an imperfect measure, and how the NY Times adjusts wealth is
by argonaut 14y ago
The New York Times pegs Rockefeller at $192 billion, in real 2007 terms. Adjusting for inflation is an imperfect measure, and how the NY Times adjusts wealth is by adjusting it according to Rockefeller's relative share of GDP.
http://www.nytimes.com/ref/business/20070715_GILDED_GRAPHIC.html http://www.nytimes.com/ref/business/20070715_GILDED_GRAPHIC....
- Retric 14y agoThat's almost silly as there where fewer people back then and a much smaller government as a share of GDP. I mean what %GDP did rich people have back in 1790 when there where 3,893,635 people 694,280 of them slaves and almost zero government spending.