Shopify CEO draws criticism for apparent support of giving wealthy more voting power
Lütke’s endorsement of tax-tiered voting drew criticism as experts said it would disenfranchise retirees, students, caregivers and low-wage workers.
- Tobi Lütke, CEO of Shopify, suggested that pensioners should not have voting rights, comparing them to dependents like underage children.
- Lütke endorsed Eric Thor's proposal for a voting system weighted by income tax paid, where votes range from one to five based on tax bracket.
- His comments sparked criticism for proposing to limit voting rights to the wealthy, raising concerns about democracy and equality.
- Experts emphasize that Canadian law guarantees voting rights to all citizens 18 and older, calling weighted voting proposals unconstitutional and undemocratic.
7 Articles
7 Articles
‘No democratic mandate’: Shopify CEO’s apparent support for giving wealthy more votes draws criticism
The CEO of one of Canada’s largest technology companies is facing criticism after he appeared to endorse the idea of giving the wealthy more voting power than others.
Shopify CEO endorses stripping voting rights from poor and pensioners
Tobi Lütke, CEO of online commerce giant Shopify, endorsed banker Eric Thor's suggestion for a "weighted voting proportional to the amount of income tax you pay." Moreover, he wrote, the poor and pensioners should have their right to vote stripped entirely: "Now you are a dependent and that means no voting, just like dependents under age. — Read the rest The post Shopify CEO endorses stripping voting rights from poor and pensioners appeared fir…
Shopify CEO appears to endorse giving more votes to wealthy Canadians
The billionaire CEO of one of Canada's largest companies has come under fire for seeming to endorse stripping voting rights from some and giving more votes to the ultra wealthy. Shopify CEO Tobi Lütke replied positively to a post on X suggesting a system of "weighted voting proportional to the amount of income tax you pay," from no votes for people who don't pay income tax to five votes for anyone paying $500,000 or more.
MAGA Shopify CEO: The Wealthy Should Get Five Votes
Fortune reports: Shopify CEO Tobias Lütke, whose company commands a market capitalization near $154 billion, told his social media followers this week that a tax-tiered voting system—one that would strip voting rights from anyone who pays no income tax—would be a “good system.” That two-word endorsement, dropped into a viral thread, has reignited a debate over wealth, power, and democracy that most Americans thought was settled more than a centu…
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