ECONOMY
The legacy Fernando Haddad leaves at the Finance Ministry
Fernando Haddad at an event concerning the income tax reform — one of his most transformative accomplishments during his time as finance minister. Photo: Diogo Zacarias/MF
As Fernando Haddad leaves the Finance Ministry after three years and change, conservatives will have their diagnosis ready.
The man who raised taxes, expanded spending and never quite closed the deficit. The minister who earned the nickname "Taxad" on social media after taxing international e-commerce purchases. The politician who proved that appointing a philosophy PhD to run Latin America's largest economy was exactly as reckless as the markets had feared.
But that is a myopic view of Haddad’s legacy…
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