In many countries, a small number of people earn extremely high salaries. Some people believe that this is good for the country, but others think that governments should not allow salaries above a certain level. Discuss both these views and give your opinion.

In different nations, a tiny percentage of the population obtains an extremely large income.

Although

some people think it is a benefit for the community, others suggest a limit should be set by the governments. In

this

essay, I will discuss both sides and provide my own view at the end. On the one hand, restricting the income of the rich is believed to allow a more balanced wealth allocation in society, and it may narrow the gap between poverty and the rich.

In other words

, economic disparity causes conflict between rich and poor.

Thus

, limiting the ceiling of salaries can be good so as to reduce inequality.

For instance

, in the USA, CEOs of well known companies receive an incredible amount of money;

however

, staff at the lowest positions get quite a little wage.

Therefore

, it is considered to be unfair.

On the other hand

, it is argued by others that it is a positive point to have a small number of people who earn a high salary for their country. The

first

reason is that they get enormous money, and they consume huge amounts

accordingly

.

Second

, they pay a large amount of taxes, which can financially fund the government for building more infrastructures, or providing better quality health care systems to the community to enjoy.

Moreover

, it helps the government to secure their budget and sustain a certain economical level.

Finally

, it gives motivation for people to work hard in order to be a billionaire. All things considered, in my view, it is not necessary to make a limitation in that wealthy people contribute to the economy by spending their money and paying large taxes, and

also

they motivate people to make an effort to get a higher income.

However

, economic disparity may lead conflict exist.