In some countries, a few people earn extremely high salaries. Some people think 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?

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Salary is a basic source of
income
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in any family and
entire
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the entire
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family depends on its own breadwinner for satisfying their amenities. A well-paid social
group
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attains substantial financial stability compared to a less-earned
group
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and a lesser amount is generally spent by high-earned groups for any activity beneficial for
destitutes
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destitute
.
Thus
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, an unequal
income
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distribution prevails in the economy which government can regulate extensively if an
income
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bar or taxation facility is introduced.
Hence
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, we can see the opinion on both the case as below. Extreme
income
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is generally attained by a minor
group
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of people in the society,
however
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, through dedication and
hardwork
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hard work
showed in their job or career. The acquired financial status is well-deserving for these people as they might have spent
huge
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a huge
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amount of money for education and training in their early days. Sometimes, millionaires like
celebreties
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celebrities
and business magnets offer an integral part of their money for charity purposes and
well-being
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the well-being
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of
destitutes
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destitute
. They often sponsor
childern
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children
from
poorer
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a poorer
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family
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families
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, provide healthcare facilities free of cost, and even build houses for the needy. In
this
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case,
income
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is distributed between the rich and the poor.
Therefore
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,
high
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high-income
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income
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groups play a useful part in
country's
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a country's
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economic development.
On the other hand
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, when an unequal
income
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distribution happens the government should implement appropriate measures to ensure
equal
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the equal
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economic stability of the entire society. Procedures
such
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as setting
income
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bars and taxation can be imposed over extreme money earners. In fact, the economic benefits obtained through
such
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measures can be utilized for the economic empowerment of
needed
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the needed
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group
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groups
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.
Moreoever
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Moreover
, in the case of developing and under-developed countries, benefited amount can be used for infrastructural development. To conclude, the circumstances of imposition of
income
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limits greatly depend on the utilization of
income
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earned by higher-
income
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groups. If an unequal distribution happens in the society,
government
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the government
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should interfere and appropriate measures should be implemented.
Submitted by athira.m.mohan969 on

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Your opinion

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...do you agree or disagree?...do you think...?...your opinion...?

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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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