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

Some people favour the income inequality as they feel it is beneficial for the nation, whereas critics of it have the idea that authorities must curtail the growing difference between salaries. In my opinion, it is a better option to tax heavily the rich

instead

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of controlling their profits. The proponents of the high salaries take shelter in the idea of free economy, wherein there is complete freedom to take risks and earn reward according to one's capability. They believe it is good for the country because it imbibes the spirit of healthy competition among its citizens. Ultimately, the benefits go to

whole population

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the whole population

as the products available in the market are of superior quality. They always pop up example of erstwhile Soviet

Union which

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Union, which

collapsed due to numerous restrictions on the economy.

On the other hand

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, opponents say that high

incomes create

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incomes, create

classes in the society,

hence

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failing the essence of democracy.

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way, the control of the economy lies in the hands of

very limited number

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the very limited number

a very limited number

of people.

As a result

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, they start exploiting the poor.

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, there starts development of social tension among different classes which is no way beneficial,

infact

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in fact

extremely harmful

for

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to

the nation. According to me, restricting the profits takes away the incentive to work hard and

hence

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the quality of work deteriorates. Governments should let the businesses free to choose their profits. But to ensure that there is no polarization, they can tax each class differently and use the extra bucks for the development of needy in the lower rungs.

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way both the freedom of choice and the harmony can be ensured. In conclusion, though controlling the salaries by the authorities is advocated by some people, but better results can be achieved by allowing the freedom and taxing

accordingly

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afterwards.