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

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, claiming that it

favors

promote over another

favours

the nation,

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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

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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

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

every one

all people

everyone

acquires these benefits;

on the

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contrary

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contrary, this

this

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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

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

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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.

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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.