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

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of their citizens to a certain limit. The essay will discuss both the views of the above notion along with my opinion in the following paragraphs.

To begin

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with, the former view, the soaring wages of the people brings many benefits to the

country

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,

such

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as improving the standard of living and healthy revenue from the taxation. The members of the society consist of a wealthy

income

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could utilise all the facilities to improve their standard of living. Whereas, the local authorities would get a better revenue collection from their citizens.

As a result

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, the infrastructure and the

economy

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of the

country

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will grow at a sustainable pace.

For example

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, in developing countries the population average

income

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is higher than developing countries,

thus

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their infrastructure and standard of living is good.

However

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, a few intellectuals believe that the exponential rise in salaries of few people could emerge the issue of

inflation

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in the society. The people consisting higher wages are not bothering about the rising prices of commodities.

Hence

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, their unsustainable consumption of goods and the natural resources introduces

inflation

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in the market.

Moreover

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,

this

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inflation

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affects the rest of the population consists of lower salaries; and rich get richer and poor get poorer.

Likewise

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the nation will not only suffering from the poverty but

also

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its

economy

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might slow down.

For instance

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, the research reveals that in many developing

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country

Suggestion

countries

the most changing economic problems are poverty and

inflation

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, which is the by-product of unequal

income

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of their citizens. In my opinion, the increasing salaries of the people are good for the

economy

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of the

country

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.

However

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, the

country

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should impose fiscal policy to uplift the standard of living of their population and to curb the

inflation

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. In conclusion, the level of

income

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of an individual is very crucial for the nation. The

economy

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of the

country

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has become stronger due to higher salaries of the few people,

althoughalthough

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although although

some section of the society is still lacking in fulfilling their basic needs. The government should form a revolutionary taxation strategy to overcome

this

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situation.