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
Remove the redundancy
apply
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govrenment
Correct your spelling
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
show examples
it will
incease
Correct your spelling
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
Correct pronoun usage
it that
show examples
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
Correct article usage
apply
show examples
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
Correct your spelling
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
show examples
the government has introduced
maximum
Add an article
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
show examples
increase
Change the verb form
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
Correct your spelling
and
limit the amount
people
can earn to prevent the possible poverty and gap between
wealth
Replace the word
wealthy
show examples
and poor citizens.
Submitted by veronika-glinka 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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