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.

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This
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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
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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
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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
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as thieves, bank robbery, and illegal drug dealings establish. Introducing
income
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thresholds
is considered
Suggestion
are considered
by many to be the solution. Supporters of
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idea claim that only a narrower
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gap will bring equality and
hence
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, sustain the well-being of a nation.
On the other hand
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, 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
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create thousands of employment positions for the public.
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, Bezos’s earning is justifiable for his great achievements.
Besides
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that, highly wealthy people can financially devote more to society. Bill Gate’s charity foundation,
for instance
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, proves how investments can improve countless lives. In conclusion, I think that
income
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control is a superficial method that should not be implemented and that having rich individuals are advantageous for a country.

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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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