In some countries, a few people earn extremely high salaries. Some people think this is a good for a country, while others believe that the government should control salaries and limit the amount people can earn. Discuss both views and give your opinion

In many
countries there
Accept comma addition
countries, there
is a huge income
disparity
among people.
This
is because some people are earning astronomical salaries. At the same time, there are many more who are struggling to make both ends meet. Some people,
therefore
, argue that the
government
should cap salaries. I do not agree with
this
view. In my opinion,
this
difference in salary is good for the economy because it encourages people to
work
harder. If there is a limit to what people can earn, most of them will lose the motivation to
work
harder. The reason that encourages people to
work
harder and harder is their yearning to earn higher salaries.
Therefore
, if the
government
caps the salaries, it will hurt the morale of employees.
Also
, having a small number of people who earn too much is not necessarily a bad thing. They act as an inspiration for the poor. These super-wealthy people can
also
start enterprises that create jobs and improve the living standards of the poor people. Of course, income
disparity
is not a good thing. It makes the poor feel inadequate. But at the same time, it encourages many of them to
work
harder and earn more. As human beings, we have a natural tendency to want more. We get inspired by the affluent lifestyle of the rich and want to be like them.
This
human desire to improve their living standards is the factor that drives all economies. The
government
can certainly do something to lessen the
disparity
.
For example
, it can impose higher taxes on rich people. It can
also
launch welfare schemes for the poor. By offering free education and health care for people living below the poverty line, the
government
can put them in a position to
work
and earn. To conclude, capping salaries is not the solution for income
disparity
.
Instead
, the
government
should empower the poor people and help them earn a good salary by offering them free education and training.
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Topic Vocabulary:
  • wealth inequality
  • economic growth
  • motivation
  • talent acquisition
  • consumer spending
  • tax revenue
  • redistributing wealth
  • market forces
  • income disparity
  • social stability
  • freedom of choice
  • meritocracy
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