RIO DE JANEIRO, BRAZIL - The proposals of the Jair Bolsonaro government's economic team to create a new social program in 2021 are " virtually worthless" in reducing income inequality because they spare the wealthiest part of the population. This is the conclusion of a study by FEA-USP (School of Economics, Business, and Accounting of the University of São Paulo).
To reduce inequality the government would have to increase the tax burden on the wealthiest and remove the spending cap rule, which freezes public spending for 20 years, allowing only correction by inflation, say the researchers.
The study conducted . . .