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.
Earning extraordinary income is a conspicuous trend which is essential towards a country's growth and development. While some people believe that high salary should be welcomed, others argue that it has enormous negative effects. Personally, I believe that
such
event is good for many reasons. This
essay will expatiate on both views as well as the writer's viewpoint.
Firstly
, improved standard of living is a pertinent point to consider. If the brilliant brains go beyond their imagination, they will be able to earn enough to support the whole economy. For an example, a plethora of activities could be performed with these huge earned funds like maintaining and improving the mortality rate and raising the standard of the education, of the nation within a limited period. Moreover
, this
results in the overall development of the economy. However
, this
also
causes many problems which include, encouraging extravagant expenditure and widening the difference between rich and the poor.
Conversely
, even though it inclines to reckless consumption of the money, but it is for the betterment of the nation also
. For instance
, in a survey conducted by a media channel, 89% of the progress of the developing nations are the result of the charities and donations done by the high earning personnel only.Also
, such
people prove to be a better asset to the native country and contributes in enhancing the reputation and well-being of the nation.
In conclusion, extremely high salaries are an inevitable part of the progress of the country. I believe, although
, it may cause some worthless purchases, also
it plays a vital role in the improvement of the domestic provinces.Thus
, the government should encourage and make provisions for the productive utilisation of the funds.Submitted by kumarrishu42 on
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