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Thoughts on Asunción, Paraguay


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In fact this informality in the labour market, coupled with Paraguay’s extremely low tax capture policy, means that government revenue is heavily limited. If only around 300,000 Paraguayans make up the domestic personal income tax base then it’s perhaps not a local middle class that is buying and renting the new modern high rise apartments in Asunción. Like how the War of the Triple Alliance (1864-1870) resulted in the death of 70% of adult men in Paraguay, giving the country the highest male-mortality proportion ever reliably documented for a nation-state in modern warfare.

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