Brazil runoff live updates: world leaders congratulate Lula on historic election win as Bolsonaro refuses to concede
63 reposts270 likes
Brazil runoff live updates: world leaders congratulate Lula on historic election win as Bolsonaro refuses to concede
63 reposts270 likes
Look at the root! Experts: Consolidating a 47.4% GDP budget, Lula can't fund radical left reforms. Most revenue goes to a 14% rate, pensions, and financing the very right-wing conservatives (Bancada BBB & #Centrao) holding his government hostage with ministerial posts and vetoed reforms. #Brazil
Despite liking Lula, #Bolsonaro could be more useful. Brazil suffers from colossal systemic bureaucratic & judicial inefficiency. Legitimate business is trapped between a 14% BCB interest rate & suffocating taxes—despite a huge trade surplus—while a 3rd of the economy remains in the shadows. #Brazil