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 of people can earn. Discuss both views and give your opinion.

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In many parts of the world, there are individuals who earn exorbitant
salaries
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, which is a subject of controversy among
people
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.
While
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some
people
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believe that high
salaries
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are beneficial for the country, others assume that
government
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intervention is necessary to control
salaries
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.
This
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essay will discuss both viewpoints and provide a personal opinion. On the one hand, some
people
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argue that high
salaries
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are profitable for a country’s economy. When highly skilled employees are compensated well, it attracts more talent, which is critical for a country’s growth and development.
For instance
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, the US attracts many gifted individuals because of
competitive
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the competitive
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wages available in many companies.
As a result
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, it may have more and better human resources.
Furthermore
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, well-paid workers tend to spend more money, which can lead to the creation of more job opportunities and increased economic activity.
This
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argument suggests that high
salaries
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are a positive aspect
for
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of
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a country’s economy.
On the other hand
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, some
people
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believe that the state should control
salaries
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and limit the amount
people
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can earn. The proponents of
this
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view argue that high
salaries
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lead to
income
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inequality
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, which is detrimental to society. The rich get richer
while
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the poor become poorer.
Moreover
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, high
salaries
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can be a source of corruption, as wealthy individuals can use their financial power to influence
government
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policies in their
favor
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favour
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. To ensure fairness and equality, the
government
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should intervene to control regular wages. In my opinion,
while
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I believe that
people
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should be compensated fairly for their skills and contributions, there should be a limit to how much someone earns. The
income
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gap between the rich and the poor is increasing at an alarming rate in many countries, and
this
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inequality
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is not sustainable in the long run.
Furthermore
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,
government
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intervention is important to guarantee that
salaries
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are not used to influence public policies or to perpetuate corruption. A progressive taxation system can be implemented to ensure that the wealthy pay their fair share of taxes, which can be used to support social welfare programs and reduce
income
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inequality
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. In conclusion, the issue of high
salaries
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is a complex one, with arguments for and against it.
Whereas
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it is important to pay more for highly trained workers for their contribution to society, there should be a limit to ensure fairness and equality. The
government
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can play a role in controlling
salaries
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and implementing policies that reduce
income
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inequality
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, which is essential for the long-term growth and stability of a country.
Submitted by uluga2002 on

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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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