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Fortune
Fortune
Nick Lichtenberg

Why did a $154 billion CEO just endorse stripping most Americans of voting rights—and taking us back to the 19th century?

Photo of Tobias Lütke (Credit: Cole Burston/Bloomberg via Getty Images)

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.

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