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
there are a few Add a comma
,regions
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
Remove the redundancy
apply
govrenment
should intervene and solve Correct your spelling
government
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
it will Change the verb form
increase
incease
the aggregate demand and, Correct your spelling
increase
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
Correct pronoun usage
it that
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
government intervention. Correct article usage
apply
This
is due to the fact that not only can the authority introduce maximum wages but also
it can increase tax
level on those who have extremely high Add an article
the tax
saleries
. Correct your spelling
salaries
As a result
, it is likely to reduce inequlity
among Correct your spelling
inequality
inequity
people
and this
, in turn, will increse
national happiness. Correct your spelling
increase
For example
, in Ukraine
the government has introduced Add a comma
,Ukraine
maximum
salary and Add an article
a maximum
the maximum
this
policy decreased income inequality by 20%.
Eventually, to conclude, high income is likely to lead to Correct article usage
an increase
increase
in GDP, Change the verb form
increasing
however
it may level up the rate of inequality. In my opinion, the government should control wages adn
limit the amount Correct your spelling
and
people
can earn to prevent the possible poverty and gap between wealth
and poor citizens.Replace the word
wealthy
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