In some countries, a 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.

In today's world, in some

regions

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,regions

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there are a few

people

who earn significantly high salaries. It is believed by some part of a population that

this

is beneficial for the country, while others consider the

the

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apply

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govrenment

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government

should intervene and solve

this

problem.

To begin

with,

on the other hand

, if some businessmen earn a lot of money it may benefit the economy.

This

is because of the fact that not only are they likely to invest more but

also

their levels of consumption will be extremely considerable.

Therefore

, if investment and consumption

increases

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increase

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it will

incease

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increase

the aggregate demand and,

consequently

GDP that, in turn, will stimulate economic growth.

For instance

, recent research has shown that the more rich

people

are in the country the more likely

that

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it that

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this

country will become economically successful.

However

,

on the other hand

,

this

tendency may lead to high levels of inequality which can be decreased by

the

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apply

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government intervention.

This

is due to the fact that not only can the authority introduce maximum wages but

also

it can increase

tax

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the tax

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level on those who have extremely high

saleries

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salaries

.

As a result

, it is likely to reduce

inequlity

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inequality

inequity

among

people

and

this

, in turn, will

increse

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increase

national happiness.

For example

, in

Ukraine

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,Ukraine

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the government has introduced

maximum

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a maximum

the maximum

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salary and

this

policy decreased income inequality by 20%. Eventually, to conclude, high income is likely to lead to

Correct article usage

an increase

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increase

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increasing

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in GDP,

however

it may level up the rate of inequality. In my opinion, the government should control wages

adn

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and

limit the amount

people

can earn to prevent the possible poverty and gap between

wealth

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wealthy

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and poor citizens.