In some countries, a few people earn extremely high salaries. Some people think that this is good for a country, while other believe that the government should control salaries and limit the amount people can earn. Discuss both the view and give your opinion.

The exorbitant earning of the people has become mooted issue. Some intellectuals consider it as a positive impact on a nation, whereas others opine that the regime ought to regulate the
income
of their citizens to certain limits. The essay will discuss both the views of the above notion along with my opinion in the following paragraphs.
To begin
with, the former view, the soaring wages of the people brings many benefits to the
country
,
such
as improving the standard of living and healthy revenue from the taxation. The members of the society consist of a wealthy
incomeincome
Accept comma addition
income, income
income income
could utilise all the facilities to improve their standard of living.
On the other hand
, the local authorities would get a better revenue collection from their citizens.
As a result
, the infrastructure and the
economy
of the
country
will grow at a sustainable pace.
For example
, in developing countries the population average
income
is higher than developing countries,
thus
their infrastructure and standard of living is good.
However
, a few intellectuals believe that the exponential rise in salaries of few people could emerge the issue of
inflation
in the society. The people consisting higher wages are not bothering about the rising prices of commodities.
Hence
, their unsustainable consumption of goods and the natural resources introduces
inflation
in the market.
Moreover
,
this
inflation
affects the rest of the population consists of lower salaries; and rich get richer and poor get poorer.
Likewise
the nation will not only suffering from the poverty but
also
its
economy
might slow down.
For instance
, in many developing
country
Suggestion
countries
the most changing economic problems are poverty and
inflation
, which is the by-product of unequal
income
of their citizens. In my opinion, the increasing salaries of the people are good for the
economy
of the
country
.
However
, the
country
should impose fiscal policy to uplift the standard of living of their population and to curb the
inflation
. In conclusion, the level of
income
of an individual is very crucial for the nation.
Although
the
economy
of the
country
has become stronger due to higher salaries of the few people, some section of the society is still lacking in fulfilling their basic needs. The government should form a revolutionary taxation strategy to overcome
this
situation.

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Topic Vocabulary:
  • wealth inequality
  • economic growth
  • motivation
  • talent acquisition
  • consumer spending
  • tax revenue
  • redistributing wealth
  • market forces
  • income disparity
  • social stability
  • freedom of choice
  • meritocracy
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