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.

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In different nations, a tiny percentage of the population obtains an extremely large income.
Although
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some people think it is a benefit for the community, others suggest a limit should be set by the governments. In
this
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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
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, economic disparity causes conflict between rich and poor.
Thus
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, limiting the ceiling of salaries can be good so as to reduce inequality.
For instance
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, in the USA, CEOs of well known companies receive an incredible amount of money;
however
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, staff at the lowest positions get quite a little wage.
Therefore
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, it is considered to be unfair.
On the other hand
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, 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
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reason is that they get enormous money, and they consume huge amounts
accordingly
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.
Second
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, 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
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, it helps the government to secure their budget and sustain a certain economical level.
Finally
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, 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
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they motivate people to make an effort to get a higher income.
However
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, economic disparity may lead conflict exist.
Submitted by Azadeh on

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Topic Vocabulary:
  • incentivize
  • discrepancy
  • inequality
  • social cohesion
  • equitable distribution
  • wealth concentration
  • talent retention
  • global competitiveness
  • social unrest
  • innovate
  • government intervention
  • salary cap
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