Sincerely? Yes, it is.
You are probably aware that Brazil does not adopt the jus sanguinis criterium, but rather its alternative, jus solis. While it is very true that Brazilians with Italian ancestry may easily request Italian nationality (and many do), we simply do not return the favor.
As it happens, there are quite a few Brazilians of Italian ancestry, including our former Chief of State (and current candidate to guest of the State). Infamously, he and at least two of his sons are attempting to acquire or renew Italian citizenship at the moment.
Not to put too fine a point on it, I must say that J.M.B. is, among other remarkable things, a b*tch of a racist. So are many of his supporters.
It is a bleeding wound and a growing shame on the dignity of Brazil at this very moment.