In some countries, a few people earn extremely higher salaries. Some people think that it is suitable for a country, while others believe that the government should control salaries and limit the amount people can earn. Discuss both views and give our opinion.

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It is often considered by some
people
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that a few lucrative income holders contribute to the positive growth of a
country
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, whereas others argued that the government should implement limiting wages. In my opinion, experts with higher earnings lead to the overall development of the
country
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.
Therefore
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, the distribution of salaries should be according to the skills required for the job. On the one side, having a good salary raises the economic status of the
country
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. Since
people
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with higher earnings are obliged to pay more taxes to the government, it leads to an increase in the overall budget of the
country
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. A recent income tax survey has shown that ,unlike India, countries like Canada and US are more financially independent because they provide a greater number of well-paid professional jobs.
Moreover
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, it helps in the betterment of society. Having more than enough money motivates
people
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to organize charity donations for those who are in need which results in raising their social status by providing them with basic necessities.
As a result
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, it promotes social values like respect and unity among
people
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. On the other side, offering a small amount on paychecks reduces the differences between rich and poor. It is irrefutable that the rich are becoming richer by earning more and more, while those who earn comparatively negligible remains below the red line.
For example
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,
people
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in the villages of Punjab have middle-class lifestyles because they depend on a common source of livelihood as compared to the cities where some
people
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enjoyed the upper economical class due to access to flexible employment opportunities with varied wage offers. Not only
this
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but, it would
also
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create a balanced preference among
people
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for all types of jobs. It is Because
people
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tend to opt for certain occupations over others as they include more luxurious income. So, providing similar pays,
for example
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, will result in an almost equal number of carpenters and doctors in the
country
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. In conclusion,
although
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restricting the substantial earnings of some
people
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may help in reducing the gap between financial classes, I personally believe that more demanding professions need more money which is worthwhile in developing the economy and community of the
country
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.
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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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