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In some countries, a few people earn extremely high salaries. Some people think that this is 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.

#countries #people #salaries #country #government #control #limit #amount
Income
 disparity is very high in some of the countries around the world. Government control on
such
 disparity through
income
 ceiling enforcement is expected by some, while others believe ceiling free
salary
 is more beneficial to the nation. Both views have their own merits and demerits. In my view, having no ceiling on
income
 is better for the country as a whole, as higher
salary
 results in higher economic gains. When a nation has no ceiling on
income
, it can attract more talented individuals, both from home and abroad. The person drawing a higher
salary
 will
also
 feel encouraged to make investments in interest bearing mutual funds or fixed deposits.
This
 will result in the money going back into the economy.
Also
, higher revenue means higher taxes and a higher net gain from other indirect taxes.
On the other hand
, a nation choosing to impose a ceiling on the revenue of individuals, will discourage talented individuals. Someone who is able to draw a higher
salary
 will eventually decide to move abroad.
This
 may cause significant brain drain from the country, leading to a situation where there is no longer available workforce suitable for the growth of the economy. Ultimately the country will suffer economically and will
also
 have a negative social impact. In the end, based on the above discussions, I feel the positives of having an open
income
 ceiling is more than that of having any sort of control over it by the government. Ceiling free revenue encourages optimism among the workforce and act as encouragement for striving for their own betterment.
Submitted by thephpx on

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  • Paragraph 1 - Introduction
    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
  • Paragraph 2 - First supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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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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