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I think that a PPP adjustment is required here to produce a reasonable analysis This article is in response to the recent Oxfam report which talked about the w
by omh 12y ago
I think that a PPP adjustment is required here to produce a reasonable analysis
This article is in response to the recent Oxfam report which talked about the wealth of the global 1%. So in that context the absolute wealth, in the way that Oxfam measured it, is relevant.
- semperfaux 12y agoThen perhaps a better response to the Oxfam report would be to at least attempt a more realistic measurement of wealth and present something similar with that addition/adjustment.
- sanderjd 12y agoI'm not sure I understand why adjusting for primary residence ownership would make it "a more realistic measurement of wealth".