Is Hawaii benefiting from these billionaires who live full or part-time in the islands?
57 thoughts on “Billionaires Bezos, Zuckerberg, Oprah and Ellison Pony Up Big In Hawaii”
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Home » Blog » Culture and Events » Billionaires Bezos, Zuckerberg, Oprah and Ellison Pony Up Big In Hawaii
If most people do the research; they will find out that the super rich are only purchasing large tracts of land because the property tax is the least at 0.31% of all the 50 states. Also, most “charitable foundations” are a way that the super rich can avoid paying taxes, but still control the money, and appear like they are helping the public. Not to mention that there is no state income tax in Hawaii. It’s all a tax dodge by the 1%ers!!!
I totally agree
No state income! What planet did you fall from??!
They’re most certainly is state income tax here. Where did you get the idea that there isn’t?
There is in fact a state income tax in Hawaii
. At least one I’ve been paying.
Agree.
Aloha
HI taxes rank 41st worst of 50 states
4.44 % Sales Taxes
6.4 % Business Tax
11 % Income Tax
taxfoundation.org/state/hawaii/
Here’s what Iz had to say:
youtube.com/watch?v=qyQGn6E3Lcg
Note 3:33
As a Wailea resident I can say none of my neighbors are thrilled about Bezos buying up as much as he can. As stated before…only going to make prices even higher when billionaires come in and land grab. Unfortunately nothing can be done…it’s a free country. Don’t for one second believe the donations are anything more than write offs and trying to snow job residents into believing they care about them.
I have a friend who was a bookkeeper for Ellison. She said he often buys places and makes the communities better but the average person isn’t aware of it. She left her accounting firm prior to his acquiring Lanai but when she heard he’d bought it she shook her head yes and said he was going to take care of the place, that the people of Lanai would benefit from it.
Thanks TammyB for your comment. I’ve been a part of the Lanai community for 5 years and yes, Larry has and continues to support local non-profits, island children’s endeavors, land enrichments and several sustainable projects here that could benefit a much wider audience as they develop. Yes, he also has his own many projects (which employ many residents) which benefit others as well. In addition, as he envisions something new the community is pro-active to ensure their voices are heard.
Giving someone a job isn’t praiseworthy. When you’re a billionaire you have an opportunity to do more.
Larry E segregates the local Hawaiian people from the people that can go to the Four Seasons Hotels on Lana’i. There are only 3hotels on the island and he owns them. Local Hawaiian people and others that live in Lana’i are not allowed to dine in the restaurants even if a guest invites them.
:0(
Oprah sends millions of dollars to foreign countries and she can only provide a $100,000 grant to the Hawaii Women’s Foundation.
That falls short of showing appreciation for not only Hawaii, but her own country.
I completely agree with your comment! Really only 100,000 for your local community! Never really cared for her and this just shows why.
While their charitable donations can certainly benefit recipients, I’m not sensing much more of a benefit. The land they have purchased is clearly prime real estate which will likely become private property and closed off to others who would have enjoyed the beaches, etc. How does this land get back to the Hawaiians? Return 1/2 of the purchased land back to the Hawaiians. Now that would be something!
Oprah’s $100,000 LOL- that’s pocket change to her! They All could be Way more generous when you compare the price tags of their purchases & their extreme unfathomable wealth
Glad to see they donate penny’s on the dollar in relation to the wealth. What is not mentioned is their buying real estate at inflated prices forces everybody else out of the market because the prices then infkate…. Not that I want to buy anything over there anyway
All of the accolades showered on these multi billionaires for their ‘generous’ gifts gives me pause. The privately supported help should rather be left to decision-making by an entity like government where voters have a say rather than left to the selected giving by a few private individuals who receive lots of applause as they continue to hoard beyond anything responsible and equitable, some not even paying their taxes. This growing wealth for an already super rich elite is really an abominatio
why are you being duped by thes people, get real and follow the money…………..