The Ring of Fire
@theringoffire·1.4M subscribers·27K videos
This Must Be Stopped...
Posted
August 9, 2026
Views
45,572
Likes
4,366
Comments
821
Engagement
11.38%
August 9, 2026
45,572
4,366
821
11.38%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
Episode Timeline
Every episode in order around the one you’re watching — click any card and the page flips straight to it.
9:01Now PlayingShopify CEO Tobi Lutke endorsed the idea that voting power should be tied to income taxes paid, giving the wealthy more votes while stripping power from retirees, low-income workers, families using tax credits, and millions of people already pushed around by the billionaire class. Lutke’s comments fit the same worldview behind super PACs, AI replacement schemes, and special founder shares that give him outsized control at Shopify despite a much smaller ownership stake. Billionaires already shape elections with massive checks, and now one of them is openly praising a system that would turn democracy into a shareholder meeting. Ring of Fire's Josh G. explains.
X/@tobipension "dependents" post
X/@tobi"Good system" reply
X/@EricSThortiered fivevote proposal
Yahoo Finance/MoneywiseShopify CEO Calls Pensioners 'Dependents' Who Should Lose Voting Rights
blogTOOntario Billionaire Under Fire for Arguing Poor People Shouldn't Be Able to Vote
Toronto StarA Tech Billionaire Floated the Idea of Curtailing the Right to Vote. That Wasn't Even the Worst Part
FortuneBillionaires Have Been Flooding the Midterms With Cash
Issue OneTop Super PACs Raise Nearly $200 Million and Counting Ahead of the 2026 Midterms
Washington PostThese Are the Biggest Individual Donors of the 2026 Election Cycle
Brennan CenterCitizens United Explained
American ProgressThe Corporate Power Reset That Makes Citizens United Irrelevant
Subscribe to stay connected to our stories
Support us by becoming a member on YouTube
Find us on social media!
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
