In many countries, a small number of people earn extremely high salaries. Some people believe that this is good for the country, but others think that governments should not allow salaries above a certain level. Discuss both these views and give your own opinion.

A reasonable number of people are paid extremely high in many countries. While some people argue that it is beneficial for the overall development of the

nation

, others are of the opinion that the government should cap salaries / put a cap on the remuneration. I do not agree with

this

view. In my view, if salaries are high, the country will progress faster. On the one hand, people believe that enormous salaries immensely benefit the

nation

and I agree. If people earn more, they can contribute more to the government through their taxes.

This

tax amount can be used for the welfare of the citizens through schemes

such

as free education and better infrastructure that can increase the standards of living. Another reason for supporting astronomical pay cheques is that it deters talented people from leaving their country. Let us consider India as an example. Earlier, the average salary of an Indian was sufficient only to take care of his own needs.

However

, in the

last

two decades, the situation has improved tremendously after the boom in the IT sector. India is generating significant revenue through

taxes which

Accept comma addition

taxes, which

is being spent on medical and engineering

researches

a scientist who devotes himself to doing research

researchers

.

On the other hand

, some people insist that government authorities must impose an upper limit on earnings. They believe that high salaries of a few people can cause societal imbalance.

In other words

, it will result in a massive discrimination in the society because the affluent people tend to exercise control over the lower class.

Consequently

, the

nation

becomes a breeding ground for illegal activities and terrorism.

This

will not only destruct the reputation of the

nation but

Accept comma addition

nation, but

also

impede foreign investments and other trades.

Hence

, people think that if there is an upper limit on an individual’s income, equality will prevail in the community and citizens can live in harmony. In conclusion, despite contrasting views, I believe that for the development of a

nation

, higher salaries are imperative.

This

will induce better revenues

in addition

to deterring the skilled people from leaving their country.