New educator development housing coming to Lahaina
The Hawaiʻi State Department of Education and Maui leaders broke ground on a new $20 million educator workforce development housing project, with construction starting soon on the 47-unit rental complex.
Maui Council passes bill allowing certain Lahaina structures to build back as it was
Centrally located near three Lahaina schools, the approximately five-acre site sits above Princess Nāhiʻenaʻena Elementary and below Lahainaluna High.
'This development is pivotal to the retention and recruitment of our west Maui staff. We cannot afford to lose our educators. Their presence, their stability, their relationships with students is what helps our students learn, heal and move forward,' Superintendent Keith Hayashi said. 'When teachers have secure housing, students have stable classrooms.'The 2023 wildfires made an already severe housing crisis in Lahaina worse.
'This project responds directly to that need – the need for housing our school employees,' Maui Mayor Richard Bissen said. 'That will bring consistency to our classrooms that allows those who guide, who nourish, who transport and care for our students to remain close to the places they serve.'
In an employee survey, nearly one-third of the Maui employees were displaced due to the wildfires, with 20% of educators surveyed saying they are thinking about leaving the state due to the high cost of housing.
'It's an honor to work on this project. We're very anxious to get started. We have a tight timetable and we'll make that, I'm sure,' Everett Dowling, founder and president of Dowling Co., said. 'Home ownership equity is the largest creator of wealth in the country. But in order to buy a home, you have to save some money. Hopefully this project will enable employees of the DOE here on the west side to put some money aside as the community rebuilds.'
Check out more news from around Hawaii
The project will include one and two-bedroom configurations. Rental rates will be income-based.
The teacher workforce housing complex is expected to be complete in December.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Yahoo
22 minutes ago
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22 minutes ago
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First look: ArcBest Q2 earnings
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I Asked ChatGPT What Would Happen If Elon Musk Paid Taxes at the Same Rate as the Middle Class
The wealth gap in America is staggering, but the tax gap might be even more shocking. When I asked ChatGPT to calculate what would happen if Elon Musk paid taxes at the same effective rate as middle-class Americans, the AI's response revealed numbers that will make you question everything you thought you knew about tax fairness. Explore More: Read Next: The answer involves billions in potential revenue, fundamental questions about how wealth should be taxed and a tax loophole so effective that billionaires have turned it into an art form. The Massive Tax Rate Gap Between Billionaires and Regular Americans According to ChatGPT's analysis, the effective tax rate difference between Musk and middle-class Americans is almost unbelievable. While middle-class households typically pay an effective tax rate of 20% to 25% when combining federal income tax, payroll taxes and other obligations, Musk's situation tells a very different story. Based on ProPublica's investigation of IRS files, ChatGPT revealed that Musk paid a 'true tax rate' of just 3.27% on his wealth growth between 2014 and 2018. In 2018 specifically, he reportedly paid $0 in federal income tax despite his wealth increasing dramatically. The AI explained this isn't because Musk is breaking the law — it's because most of his wealth exists as unrealized gains in Tesla and SpaceX stock, which aren't taxed until sold. He can also borrow against his equity holdings, and loans aren't considered taxable income. What $3 Billion in Extra Tax Revenue Could Actually Fund ChatGPT ran the numbers on what would happen if Musk paid a 25% effective tax rate during that 2014 to 2018 period. With his wealth increasing by approximately $13.9 billion, he would have owed about $3.475 billion in taxes instead of the roughly $455 million he actually paid. That extra $3 billion could have funded some serious public programs: Free community college for over 1 million students Universal school lunches for millions of children Clean water infrastructure projects in cities like Flint Significant boosts to child tax credits or affordable housing grants The AI shared that this represents just one person over five years, making the potential impact even greater. How the Bezos and Buffett Comparisons Make It Even More Shocking ChatGPT compared Musk with other billionaires and the results were even more eye-opening. According to the same ProPublica data: Jeff Bezos saw his wealth grow by $99 billion from 2014- to 2018 while paying $973 million in taxes — an effective rate of just 0.98%. Warren Buffett increased his wealth by $24.3 billion during the same period but paid only $23.7 million in taxes — a microscopic 0.10% effective rate. If all three paid taxes at a 25% rate on their wealth growth, ChatGPT calculated they would have collectively contributed an additional $32.85 billion to federal revenue over just five years. 'That's from three people,' the AI shared, which really puts the spotlight on the scale of potential revenue from properly taxing extreme wealth. The 'Buy-Borrow-Die' Strategy That Makes It All Possible ChatGPT explained the sophisticated but perfectly legal strategy that allows billionaires to avoid most taxes: Buy assets (stocks, real estate, businesses) that appreciate over time. Borrow against those assets at low interest rates — loans aren't taxable income. Die and pass appreciated assets to heirs, who receive a 'stepped-up basis' that eliminates taxes on all previous gains. This approach allows billionaires to fund lavish lifestyles through borrowed money while their actual wealth compounds tax-free indefinitely. The AI pointed out that regular Americans can't use this strategy because we rely primarily on taxable wages rather than appreciating assets we can borrow against. Why Current Tax Rates Miss the Real Problem ChatGPT clarified an important distinction that often confuses discussions about billionaire taxes. When billionaires do have taxable income, they often pay rates similar to or higher than middle-class Americans on that specific income. But here's the key insight the AI provided: 'The tax code isn't broken because billionaires are cheating it. The tax code is broken because it treats labor as taxable and capital as optional.' Middle-class Americans pay taxes on nearly 100% of their economic gains through wages. Billionaires pay taxes on maybe 5% to 10% of their economic gains, since most wealth growth remains unrealized and untaxed. The Market Impact Question ChatGPT Couldn't Ignore The AI also addressed potential downsides of requiring billionaires to pay higher effective tax rates. Forcing someone like Musk to sell billions in stock to pay taxes could significantly impact share prices, potentially affecting retirement accounts and institutional investors. However, ChatGPT suggested this concern might be overblown, noting that well-designed tax policies could include provisions for gradual implementation or alternative payment methods to minimize market disruption. Policy Solutions That Could Actually Change Things ChatGPT outlined several approaches that could create more tax equity: Wealth taxes that apply annual rates to net worth above certain thresholds Minimum tax rates on total income including unrealized gains for ultra-high-net-worth individuals Closing borrowing loopholes by treating large loans against equity as taxable events Capital gains reform that taxes investment profits at the same rates as wages The AI wrote that while these changes would require significant political will, they're not technically impossible to implement. What This Means for Regular Taxpayers ChatGPT's analysis revealed that the current system essentially subsidizes billionaire wealth accumulation through tax policy. While middle-class Americans pay substantial portions of their income in taxes, the ultra-wealthy can legally structure their finances to minimize tax obligations dramatically. This creates a compounding effect where wealth concentrates at the top not just through investment returns, but through preferential tax treatment that allows more capital to remain invested and growing. The AI's Bottom Line on Tax Fairness When I asked ChatGPT for its overall assessment, the AI concluded that requiring billionaires to pay taxes at middle-class rates would generate massive federal revenue while establishing important principles about shared civic responsibility. 'The federal government could collect billions more in revenue annually,' the AI explained. 'It would set a precedent for tax equity.' However, ChatGPT wrote that achieving this would require 'major changes to the U.S. tax code, especially how wealth (not just income) is taxed.' The AI's analysis suggested that while the technical solutions exist, the political challenge lies in restructuring a tax system that currently treats different types of economic gains very differently. Why These Numbers Matter Beyond Politics ChatGPT's calculations reveal something beyond partisan tax policy debates — they show how current tax structures affect public investment capacity. The AI noted that tens of billions in additional revenue could fund infrastructure, education and social programs that benefit everyone, including the wealthy. 'If Musk, Bezos and Buffett paid taxes like the middle class, tens of billions more would flow into public programs,' the AI concluded. 'It would dramatically shift the conversation about economic fairness and tax equity.' Whether you think that's good policy or not, ChatGPT's analysis made clear that the current system creates vastly different tax obligations for different types of Americans — and the numbers are bigger than most people realize. More From GOBankingRates The 10 Most Reliable SUVs of 2025 This article originally appeared on I Asked ChatGPT What Would Happen If Elon Musk Paid Taxes at the Same Rate as the Middle Class Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
