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 own opinion.

In some countries, there are people who earn extremely high salaries, compared to the rest of the population. There are negative and positive sides to

this

. High salaries can help the

economy

but they can

also

be difficult for small businesses to survive. Other countries capped all salaries to a reasonable level and

this

helps to avoid the imbalance. I personally believe that people who own power and money more than other people in the community tend to misuse it for personal gain and

therefore

capped salaries are a better option. High salaries paid to some people can be good for a

country

. High salaries are usually

payed

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paid

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to big business owners and

CEO’s

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ceos

CEO

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of large companies. Some of the money earned might be invested back into the business or used to open new businesses.

This

can be a benefit for a

country

to support its

economy

and create jobs.

This

also

generates tax income for the

country

. Unfortunately, most people use their salaries for their personal gain

instead

of benefitting others. Capped salaries prevent all the wealth being in the hands of a small number of people and distributes it around the society. When there is no balance in the

economy

and the rich and the powerful own most of the economic sector, it can be really difficult for small businesses to thrive. They are in competition with big business to provide competitive prices and quality of service. High salaries often come from commissions, bonus payments and are based on the income and performance of the company. Small businesses cannot compete with

this

. The employees of big businesses cannot access these payments.

This

creates

i

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an

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mbalance between the rich and the poor, with very few people accessing high salaries. Capped salaries ensure small businesses and employees can access the

country

’s wealth. In my opinion, high salaries given to

s

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a

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mall number of people in a

country

,

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apply

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creates

i

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an

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mbalance in the

economy

and the society of that

country

. There

are

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is

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p

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the

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ositive and negative effect of giving high salaries to a few people,

however

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,

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the negative outweighs the positive. Capped salaries are a better option for all countries.