this post was submitted on 09 May 2024
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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.

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[–] [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.

[–] 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.

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