In many countries, a small number of people earn extremely high salaries. Some people believe that this is good for the country, but others think that governments should not allow salaries above a certain level. Discuss both these views and give your own opinion.

In most countries, high salaries are earned by a limited number of
people
. Whether
this
is positive for the country or whether there should be government-imposed limits to salaries is a highly debated topic. Some
people
believe that individuals should be allowed to accumulate
wealth
as much as they like since it was earned through their hard work. Another reason why
people
might agree with
this
system is the idea that the rich can invest their
capitals
Fix the agreement mistake
capital
show examples
and
thus
generate more
wealth
, while poor
people
can not invest and
therefore
don't help in growing the economy. David Ricardo, an eighteen-century economist, supported
this
belief: in his mind, only rich
people
could help their country by increasing its GDP.
On the other hand
, some deem it necessary to consider the distribution of
this
wealth
. Even though an increase in the GDP could make some think of better living conditions,
this
generally only means more funds for the rich and no gains for the rest of the society.
In addition
, many believe there should be more taxes imposed on the super-rich simply because even a moderate tax on an enormous capital can help many
people
if redistributed. In my opinion, the notion that
wealth
originates only from personal effort perpetuates the stereotype that poor
people
don't work as much and don't make as much effort as rich
people
.
On the contrary
, I believe disadvantaged
people
tend to commit themselves to work more than the privileged, which often rely on exploitation to earn. In conclusion,
although
this
is still a heavily talked about topic, I think that the best way to improve a country's economy is to help and support every citizen
instead
of focusing on the few lucky ones.
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Essentional vocabulary list for IELTS Writing 7+

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Topic Vocabulary:
  • incentivize
  • discrepancy
  • inequality
  • social cohesion
  • equitable distribution
  • wealth concentration
  • talent retention
  • global competitiveness
  • social unrest
  • innovate
  • government intervention
  • salary cap
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