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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[–] SamuelRJankis@lemmy.world 8 points 1 year 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.

[–] howrar@lemmy.ca 3 points 1 year 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.

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