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 that the government
should intervene and solve this
problem.
To begin
with, on the one hand, if some businessmen earn large sums 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 high. Therefore
, if investment and consumption increase
it will 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
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 a
Remove the article
apply
government
intervention. 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 salaries. Add an article
the tax
As a result
, it is likely to reduce inequality
among people
and this
, in turn, will increase
national happiness. For example
, in Ukraine, the government
has introduced 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 the
Correct article usage
an
increase
in GDP, however
it may level up the rate of Add a comma
,however
inequality
. In my opinion, the government
should control wages and limit the amount people
can earn to prevent the possible poverty and the gap between wealth
and poor citizensReplace the word
wealthy
Submitted by veronika-glinka on
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