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.

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.

  • @SamuelRJankisEnglish
    8•1 month ago

    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.

    • @[email protected]
      14•1 month 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?

    • @[email protected]
      3•1 month 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.

    • @[email protected]
      3•1 month 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.