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.

It is believed that a number of individuals in a lot of countries earn an obscene amount of money. A few people are in support of

this

, claiming that it

favors

promote over another

favours

the nation,

however others

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however, others

want the authorities to cap the achievable income at a set limit. Whilst I understand that making a lot of cash is good for the economy because it encourages healthy competition amongst businesses, I do think that limiting how much salary these people make is a step in the right direction, given that

this

gives too much power to the most influential citizens. Extremely high salaries equals high revenue for the nation. When citizens of a country are

successful it

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successful, it

automatically translates to riches – the economy flourishes, more individuals are motivated to join the work force and that equals development.

Although

more money is available to a select few, does not mean

every one

all people

everyone

acquires these benefits;

on the

contrary

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contrary, this

this

creates a large gap between the upper and middle classes of the society, hereby automatically putting the greater part of the population in the lower class.

This

causes problems as poverty, inflation, corruption and all round anarchy. All due to the fact, that too much money was given to

this

select group of individuals. In conclusion, I think setting a limit to the monthly or annual funds of the immensely rich will profit both the governing bodies and the populace by ensuring equal distribution of wealth.

This

will in turn provide more competition to ensure a greater level of efficiency than would have been achieved if the just a few people earned high salaries and other had

meager

deficient in amount or quality or extent

meagre

income.