Pension Policy

começar com a previdência paramétrica dentro do funcionalismo.

It's not. The BPC and the minimum wage — increasing pensions based on the minimum wage — doesn't make the people who receive these benefits more able to buy things, because the opposite effect that this generates is an increase in public spending.

Unchecked, this raises the trajectory of interest rates, increases the debt-to-GDP ratio, and makes money more expensive — it's the famous give with one hand and take with the other.

At the end of the day, a person might even think, 'Wow, my pension was adjusted according to the minimum wage.'

Okay, but the product on the shelf will be more expensive.

This lack of control has consequences that impact people's lives.

Because otherwise we end up in that discussion of Samara, of UPE: 'No, just don't pay the debt and raise the minimum wage.'

They're not. No, things aren't that simple.