In some countries, a few people earn extremely high salaries. Some people think that the government should control salaries and limit the amount people can earn. Discuss both views and give your opinion.

This
modern era of fast-growing economies has indeed helped some outstanding individuals to become multi-millionaires or even billionaires. While I share concerns with people who worry about the detrimental effects of
income
gaps and want to limit earnings, I believe that successful entrepreneurs will bring more benefits to society. On the one hand, there are sensible arguments in regards to how the
income
difference between social groups at a high degree can negatively affect the welfare of society. People who struggle to find well-paid jobs may diminish job satisfaction and lose their career motivations. In more extreme cases where envy arises, serious social issues
such
as thieves, bank robbery, and illegal drug dealings establish. Introducing
income
thresholds
is considered
Suggestion
are considered
by many to be the solution. Supporters of
this
idea claim that only a narrower
income
gap will bring equality and
hence
, sustain the well-being of a nation.
On the other hand
, all the people who earn extremely high salaries run very successful businesses; they are backbones of a country’s economic system and deserve corresponding salaries. Jeff Bezos and his giant company, Amazon as a good example. Every year, Amazon not only remarkably contributes to the American domestic and international trades, but
also
create thousands of employment positions for the public.
Therefore
, Bezos’s earning is justifiable for his great achievements.
Besides
that, highly wealthy people can financially devote more to society. Bill Gate’s charity foundation,
for instance
, proves how investments can improve countless lives. In conclusion, I think that
income
control is a superficial method that should not be implemented and that having rich individuals are advantageous for a country.
Submitted by Julia Hoang on

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Topic Vocabulary:
  • income disparity
  • social tension
  • economic growth
  • government regulation
  • equitable distribution
  • brain drain
  • innovation
  • incentive
  • progressive taxation
  • income inequality
  • salary caps
  • market-driven
  • monopolies
  • exploitation
  • financial regulation
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