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Shopify CEO Proposes Tax-Based Voting, Faces Backlash

7/29/2026

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Summary

Story summary

Shopify CEO Tobi Lütke proposed a voting system giving zero votes to non-taxpayers, five votes to those paying $500,000+, and removing retirees’ votes.
He posted proposal on X after former TD Bank exec Eric Thor suggested it, prompting users to call it disgusting and demand a retraction.
The Logic reported Shopify held more lobbying meetings in Q1 2026 than in all of 2025, and that Lütke is a Build Canada lobbyist.

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Story summary

Shopify CEO Tobi Lütke proposed a voting system giving zero votes to non-taxpayers, five votes to those paying $500,000+, and removing retirees’ votes.
He posted proposal on X after former TD Bank exec Eric Thor suggested it, prompting users to call it disgusting and demand a retraction.
The Logic reported Shopify held more lobbying meetings in Q1 2026 than in all of 2025, and that Lütke is a Build Canada lobbyist.