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.

While the gap between the poor and the rich has been expanding in some countries now, there are calls for

this

to be revised so that all citizens can live equally in

a

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society

.

This

essay will share both sides of the coin and explain my own opinion. Undoubtedly, people who earn more than the average increase the GDP (gross domestic product) of the country, which is beneficial to the

government

.

For example

, the

government

can expect more inbound

income

from overseas since people who have high salaries spend more on luxury goods.

Moreover

, the

government

can acquire more tax

income

from their earnings, so they can increase the expenditure on social welfare for a better

society

.

On the other hand

, the

regulation

of

income

is

also

beneficial since expanding the gap in

income

has been a social problem in modern

society

. Some nations

such

as in North Europe implement the ‘basic

income

’ which distributes enough money for a foundational living so that every citizen can achieve the minimum living style as human beings in modern

society

.

As a result

, even if there is a

regulation

of the maximum amount of their salaries, people can live happily in a

society

which has less competition. In conclusion, extremely high salaries are indeed beneficial to the nation’s economy and the

government

income

,

however

,

regulation

of

income

such

as the idea of basic

income

also

leads to a better

society

in terms of reducing poverty. I personally think

regulation

would be an advantage for being a fair

society

,

however

, it is necessary to keep the competition at a certain level because reducing competition might lose the power of the nation's economy.