this post was submitted on 28 Jul 2026
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politics

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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 century ago.

The proposal would invert the founding American principle of “no taxation without representation” into something closer to “no representation without taxation”—and specifically, high taxation. Reactions online split sharply: Some framed it as a provocative thought experiment about aligning fiscal responsibility with political voice, while others called it a naked attempt to legitimize plutocracy by giving billionaires and multimillionaires a formal, multiplied vote over the laws that govern everyone else.

But it also revealed that America is grappling with a political economy debate, as a frozen housing market and an entrenched wealthy baby boomer demographic have many, not just Lütke, arguing that something big needs to change

At this point, their necks practically beg for the guillotine's blade. They keep reminding us:

The tree of liberty must be refreshed from time to time with the blood of . . . tyrants.

-Thomas Jefferson in November 13, 1787, letter to William Stephens Smith.

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[–] Waterpumpee@lemmus.org 33 points 1 month ago (2 children)

i think thats his argument. make billionaires pay tax to compete for policies. basically calling bribes tax or real life p2w, which it is currently but legal.

My take is, sack all of these billionaires and idiots on an remote small little island and let them figure out how they wanna govern themselves.

[–] tutter@lemmy.blahaj.zone 14 points 1 month ago (2 children)

Like atlas shrugged? i like it! If we use the Randian framing they'll probably eat it up!

"nooo dont leave whatever will we do without someone to boss us around noooo please dont isolate yourself on a remote island pleeeeeease"

and then just not let em back in if they try

[–] Dojan@pawb.social 5 points 1 month ago (3 children)

Since they shit and cum so hard over that book, I’m surprised they haven’t just done it yet. Honestly.

[–] tutter@lemmy.blahaj.zone 2 points 1 month ago* (last edited 1 month ago) (1 children)

Me too, but you know, its probably because somewhere deep down they know it wouldn't work. Or maybe they did try, maybe that was exactly what epstein was trying to do on that island (+ the child raping).

[–] Dojan@pawb.social 3 points 1 month ago

It’s rare for something to give me such a visceral reaction, but reading that last bit had me exclaim my disgust loud enough that my dog woke from his nap on the balcony to come check on me.

Eugh. We need more queen of hearts in the world.

[–] postmateDumbass@lemmy.world 1 points 1 month ago

T. Rump is pretty much establishing the government for that timeline.

[–] hoppeduponcoffee@lemmy.zip 4 points 1 month ago (1 children)

The self-serving “anarcho-capitalist” whore that died dependent on Medicare and social security.

[–] Enkrod@feddit.org 7 points 1 month ago

HEY! Don't do whores dirty like that.

[–] 13igTyme@piefed.social 2 points 1 month ago

That's not his argument. He, like all billionaires, think they pay too much. They still end up paying social security and Medicaid. It just ends up being less than 1% because it capped. He would still get to vote in his new proposed system.