In many countries in the world, some people earn extremely high salaries. Some people think that this good for a country. Other thinks that the government should not allow salaries above a certain level. Discuss both views and give your opinion.

In recent times, the salaries of the people are souring drastically in major countries. There is a heated debate amongst the people that either it is beneficial for the

nation

or the administration should set certain limits on salaries of the people.

This

essay will discuss both the views along with my opinion in the following paragraphs.

To begin

with, the former view, the healthy salaries of the people bring positive effects to the countries

such

as good taxation revenue and the high standard of living of citizens. The increment in salaries motivates the people to consume more and more goods and services;

as a result

, the manufacturing units in the domestic region will grow and the taxation revenue of a local authority will

increase

accordingly

.

Thus

, the infrastructure and other facilities will develop the

nation

.

Moreover

, the purchasing power of a consumer will

increase

with the

increase

in

income

;

hence

, the standard of living of the people will improve.

For instance

, the monthly family budget of an individual will expand due to his healthy

income

.

Thus

, the wealthy people make the

nation

most developed and prosperous.

On the other hand

, the

increase

in salary of a person brings few difficulties too. The

first

and foremost demerit of the exorbitant salaries is that it might create an inflation in the market.

Thus

, the excessive money intake may

increase

the price of the products in the market.

As a result

, the people with a compatible

income

could not satisfy their basic needs and the inequality immerge in the society between the rich and the poor.

For example

, the inflation in the market makes the food and shelter costly, which is potentially dangerous for a middle class family.

Lastly

, the exorbitant salaries make the people materialistic and that might cause the exploitation of the scarce resources.

Thus

, the extremely high

income

creates trouble to the citizens as well as to the environment. In conclusion, the higher

income

of an individual has both positive and negative effects on the economy of the

nation

. In my opinion, the government should form policies with

specific upper limit

Suggestion

a specific upper limit

for the salaries of their citizens.

Otherwise

, many potential economic and environmental problems may occur.