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 people can earn. Discuss both views and give your opinion

In some countries, many
people
consider it progress that only a handful of
people
earn very high salaries compared to the rest of the population. Other schools of thought prefer the
government
to regulate how much
people
earn. In my opinion, I think the
government
should be allowed to control
people’s
wages for transparency and to prevent
fraud
. Earning extremely high salaries improves the standard of living.
This
can benefit the
government
as they can impose high tax policies on the rich and wealthy. In turn, redistribute their
wealth
to the rest of the society. The
government
can decide to build infrastructure, improve health care or human capacity development via scholarships and youth empowerment.
Consequently
, if used properly, a few
people’s
wealth
in the
country
can potentially transform the entire
country
's fortune.
On the other hand
, many
people
think that the
government
should be given the authority to control
people’s
earnings
as
this
can prevent
fraud
and give room for transparency. Because without a robust
government
in place,
people
tend to act mischievously, violate financial laws and accrue illegal
wealth
, which can be detrimental to the reputation and development of that
country
. With the
government
’s involvement in controlling and organizing
people’s
earnings
, there will be a sense of balance between the rich and the poor. Illegal
wealth
can be traced, and
fraud
can easily be prevented when the
government
creates financial systems to regulate
earnings
. I think the
government
should be allowed to monitor and regulate financial transactions in the
country
. A standard wage system should accommodate all types of jobs and skills potential.
People
should be able to estimate the likely
earnings
of a particular job as
this
will give room for transparency and dignity in
labor
Change the spelling
labour
show examples
. In conclusion,
although
it can be beneficial when a few
people
earn very high and attractive salaries, governments involvements in controlling and managing earning potential is much needed to create and sustain a
balance
Change the verb form
balanced
show examples
society
that is
free from
fraud
and
transparent
Replace the word
transparency
show examples
.
Submitted by philipbay20 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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