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Mark Zuckerberg 'Reconsidering' Lawsuits To Force Property Sales in Hawaii (cnbc.com)
Facebook CEO Mark Zuckerberg says he is "reconsidering" a set of lawsuits that he recently filed to compel hundreds of Hawaiians to sell him small plots of land they own that lie within the boundaries of 700-acre beachfront property on the island of Kauai. From a report on CNBC: The billionaire's potential about-face came after widespread publicity last week about the suits, which target a dozen plots comprising slightly more than eight acres of land strewn throughout the acreage that Zuckerberg bought for $100 million two years ago. Currently, owners of the lots, which have been in their families for generations, have the rights to travel across Zuckerberg's property. But many of the owners likely are unaware of their ownership interest in the plots. Last week, Zuckerberg said, "For most of these folks, they will now receive money for something they never even knew they had. No one will be forced off the land."
This is just click bait to bash Zuckerberg. He isn't suing to force people to sell.
Zuckerberg doesn't even know who the people are. They don't know who they are! There are 8 acres of land inside his land. He owes these people the right to cross his land and if he builds on his land something like a fence he has to consult with them.
No one has been paying property taxes on the land. He is asking the local government to:
1) find out who owns the land
2) collect the property taxes or auction the land to pay the taxes
3) if the land is auctioned to pay any money over the owed taxes to the owners of the land
To complicate things the land was bought by Portuguese workers (not native Hawaiians) 4 or 5 generations ago. So each of these plots could now have over 100 owners.
I care deeply about this because it's about someone wealthy from some social "platform"'s VC and stock-inflation value that decided to force natives out of their lands just because he has the money to do it. It proves he really hate everyone that isn't him, and uses everyone for his own personal gain.
From what I understand, only one person has been found so far and he's a professor that was willing to sell. We're talking 8 acres out of 700 and most of those 300 people who share it don't even know they own the land. He's not forcing anyone off any land. The lawsuit is to give people who might have ownership rights time to step forward and otherwise assume that they are all dead and proceed. This is standard procedure in hawaii. He's not doing anything that anyone else who buys land in hawaii doesn't have to do and what exactly are 300 people going to do with 8 acres. I'm sure Zuckerberg would be more than willing to give them the choice of any 8 acres on the edge of his tract if they really want it. This is all just propaganda to make him look like an evil rich guy.
Obviously you don't care that much about it because otherwise you would have read a bit about the story and realized the story is complete click bait. Zuckerberg isn't suing to force people to sell. Zuckerberg doesn't even know who the people are. They don't know who they are! There are 8 acres of land inside his land. He owes these people the right to cross his land and if he builds on his land something like a fence he has to consult with them. These owners owe property taxes on the land. He is asking the local government to find the people who own the land and tell them they own the land. If the owners decide they don't want the land (very likely) then the land will be sold and if it is sold for more than the back taxes the owners might get some money.