One Percent Academy
Hi my name is Greg Bryant, and I've been in the financial services industry for many years.
I'm creating One Percent Academy, a totally free informational website to help close the gap between the super-wealthy one percent, and the not so wealthy ninety nine percent.
Income inequality has increased exponentially in America and it's time "We The People" take economic matters into our own hands.
But don't take my word for it, here's what the IRS had to say in their most recent analysis about the growing income gap:
"The income gap between the richest 1 percent and the rest of America widened to a record last year, new analysis has found.
The top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share in Internal Revenue Service figures going back 100 years."
U.S. income inequality has been growing for almost three decades. But until last year, the top 1 percent's share of pre-tax income had not yet surpassed the 18.7 percent it reached in 1927, according to an analysis of IRS figures dating back to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.
One of them, Emmanuel Saez of the University of California, Berkeley, said the incomes of the richest Americans might have surged last year in part because they cashed in stock holdings to avoid higher capital gains taxes that took effect in January.
Last year, the incomes of the top 1 percent rose 19.6 percent compared with a 1 percent increase for the remaining 99 percent.
The richest Americans were hit hard by the financial crisis. Their incomes fell more than 36 percent in the Great Recession of 2007 to 2009 as stock prices plummeted. Incomes for the bottom 99 percent fell just 11.6 percent, according to the analysis.
In the study, researchers defined income as consisting of all earnings plus profits from stocks or bonds.
But since the recession officially ended in June 2009, the top 1 percent have enjoyed the benefits of rising corporate profits and stock prices: 95 percent of the income gains reported since 2009 have gone to the top 1 percent.
That compares with a 45 percent share for the top 1 percent in the economic expansion of the 1990s and a 65 percent share from the expansion that followed the 2001 recession.
The top 10 percent haven't done badly, either. Last year, they captured 48.2 percent of income, another record. Their biggest previous take was 46.3 percent in 1932.
The top 1 percent of American households had income above $394,000 last year. The top 10 percent had income exceeding $114,000.
The income figures include wages, pension payments, dividends and capital gains from the sale of stocks and other assets. They do not include so-called transfer payments from government programs such as unemployment benefits and Social Security.
It's my belief that if most people were taught the basic principles of attaining and maintaining wealth, not only would it increase their own personal economic wealth, but it would increase the wealth of the United States as a whole.
With your help, One Percent Academy will introduce 7 Simple Steps that anyone, on any income, whether it's government assistance, minimum wage or anything above can achieve massive wealth if they are committed to doing so.
Your contributions will be used for web development, maintenance, and content creation on an ongoing basis.
One Percent Academy will not allow any ads on the site, and will not sell, rent, or share its members information with anyone.
Beyond the 7 Simple Steps of wealth accumulation, One Percent Academy will furnish in depth case studies of the world's top billionaires so our members can learn the who, what, when, where, and how of what makes them tick.
So please make your donation today. We have some really great perks for you, and we are excited and thrilled to be launching very shortly. Feel free to spread the word to your friends, family members, and co-workers through conversation, the IndieGoGo share tools and social media.
Thank you for your time, and your contribution.
One Percent Academy