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. Give reasons for your answer and include any relevant examples from your own knowledge or experience.

Recently, some countries' economy has grown exponentially and many

people

become rich,

however

,some of them earn a big

amount

of money and many

people

support

this

including me;

nonetheless

, some argue that

governments

should impose ban above a certain

amount

of

income

. In my opinion, its good for the country if few earn a huge

amount

and I will explain why.

To begin

with, it is essential for the growth of a nation that few

people

should lead and earn an unlimited

amount

of money because they have the potential to provide employment to a big portion of the society.

For example

, in India, billionaire Mukesh Ambani's

income

is more than 160 trillion annually, and he provides jobs to more than 50 thousands

people

.

In addition

,these rich

people

pay an enormous

amount

of tax to the respective

governments

which are eventually utilized for infrastructure and development.

On the other hand

, few argue that

governments

should not allow individual's

income

above a fixed level. I believe

this

will demotivate both employee and employer as there will not be any fun and extra benefit in doing unnecessary hard work.

As a result

, the overall economy will shrink significantly and it will lead many residents to live sub-standard life due to the lack of money. According to my point of view, there should be no upper limit for

income

, but minimum wage must be fixed by

governments

so that no one could be exploited by their respective employers. In conclusion, I support the argument that earning huge

amount

of bucks by few

people

of the society is important for the development of the country because it will generate revenue in the form of tax and employment as well.

This

trend will be useful for nations and simultaneously it will help to reduce unemployment.