this post was submitted on 09 May 2024
18 points (73.7% liked)

Canada

7816 readers
1421 users here now

What's going on Canada?



Related Communities


🍁 Meta


🗺️ Provinces / Territories


🏙️ Cities / Local Communities

Sorted alphabetically by city name.


🏒 SportsHockey

Football (NFL): incomplete

Football (CFL): incomplete

Baseball

Basketball

Soccer


💻 Schools / Universities

Sorted by province, then by total full-time enrolment.


💵 Finance, Shopping, Sales


🗣️ Politics


🍁 Social / Culture


Rules

  1. Keep the original title when submitting an article. You can put your own commentary in the body of the post or in the comment section.

Reminder that the rules for lemmy.ca also apply here. See the sidebar on the homepage: lemmy.ca


founded 4 years ago
MODERATORS
 

Addressing a crowd of 500 members of Canadian tech during the BetaKit Town Hall the CEO of Shopify said the country suffers from a “go-for-bronze” culture.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 8 points 9 months ago (3 children)

I wish people just come out and say what they want instead making these long ass allegorical speeches. The guy wants subsidies.

Lütke compared the increase in capital gains taxes to levies on cigarettes to illustrate how governments typically put a higher price on activities that it wants to discourage. “To tax innovation, you’ll see the same thing,” he warned.

[–] psvrh 14 points 9 months ago

Jesus... Taxing innovation.

No, we'd be quite happy for you to innovate, we just don't want you to re-enact the opening sequence of Duck Takes, swimming in a pool of cash while most people struggle to make ends meet.

How about this? You fuck off, and someone else can do what you do without being a greedy parasite about it?

[–] howrar 3 points 9 months ago

Innovation is incentivized with greater returns. Just because those returns aren't excessively large, doesn't mean it's not there. You still get a net positive on innovating. Cigarettes are taxes in such a way that smoking at all is a net negative for most people. That's what makes it a disincentive.

[–] SapientLasagna 3 points 9 months ago

It's literally the opposite of taxing innovation. If you reinvest your revenue back into improving the company, you don't pay any tax. If you use the revenue to prop up stock prices instead, expect to pay taxes on the capital gains.