Billionaires do this to avoid income taxes.

The most infuriating part of this? Mr. Lütke endorses the idea of granting more votes to those who pay more income tax, including stripping the right to vote from people who do not pay income tax.

He has also called pensioners ‘dependents’ who shouldn’t get to vote:

New deal: when you get your pension deal it’s locked in and guaranteed. But now you are a dependent and that means no voting, just like dependents under age. Enjoy the deal, let people with a stake in the future decide.

Sources: https://www.cbc.ca/news/canada/shopify-ceo-endorses-idea-to-give-more-votes-to-wealthy-canadians-9.7286688

https://moneywise.com/news/top-stories/shopify-ceo-tobi-lutke-pensioners-voting-rights

This would be devastating because factory workers and truck drivers make up like 30% of the US workforce

This figure keeps getting thrown around and it is completely wrong. From the BLS, out of the 159 million non-farm workers in the US, only 1.47 million (less than 1%) work in ‘Truck transportation’, and not all of those individuals are ‘truck drivers’. And, while ‘factory workers’ is very vague, the entire manufacturing sector - which includes far more people than just ‘factory workers’ - employs 12.6 million (7.9%).

The entire trucking and manufacturing sectors don’t even amount to 9% of the US workforce, let alone just ‘factory workers and truck drivers’.

Source: https://www.bls.gov/news.release/empsit.t17.htm