In some countries,few people earn extremely high salaries. Some people think that this is good for a country, while others believe that the government should control salaries and limit the amount people can earn. Discuss both views and give your opinion.

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In many countries, there is a huge income disparity among people.
this
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is because some people are earning astronomical salaries. At the same time, many are struggling to make both the ends meet. Some people,
therefore
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, argue that the
government
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should cap the salaries. I do not agree with
this
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view. In my opinion,
this
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difference in salaries will benefit the economy and will
also
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encourage people to
work
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harder. If there is a salary difference among people,
then
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it would be beneficial for the economic growth of the country.
In other words
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, if a small group of people are earning well is not a bad thing, they can create more employment for the poor.
Also
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, they act as inspiring personalities for them to
work
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harder. Apart from
this
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, super-wealthy people can make enterprises and employ underprivileged people to improve there living standards.Of course, income disparity is not a good thing, but at the same time,it encourages minorities to
work
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harder and become independent. If there is a limit to hat people can earn,
then
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their morale may get down.
this
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is because more earning is the reason people gets the motivation to
work
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hard and harder. If the
government
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limits the salaries ,them it would not encourage people to make extra efforts for their
work
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.
Therefore
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, there is a number of things that
government
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can do
instead
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of limiting the salaries.
For example
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, it can impose higher taxes on rich people. It can launch more welfare schemes for the poor, offer free health care facilities and education for people below the poverty line, to make them in a position
work
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and earn. In conclusion,
Although
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there is differentiation in earning among people, the
government
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can take appropriate measures for poor people to make them a good earning by providing free education and health care facilities.
Submitted by JYOTI YADAV on

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Topic Vocabulary:
  • wealth inequality
  • economic growth
  • motivation
  • talent acquisition
  • consumer spending
  • tax revenue
  • redistributing wealth
  • market forces
  • income disparity
  • social stability
  • freedom of choice
  • meritocracy
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