A certain
amount
of the population is withdrawing handsome amounts of pay in several nations, some believe that
this
is a positive for that nation,
while
on the other hand
, some argue that the
government
should act to restrict the
amount
to be paid to them. I fully endorse the first notion that earning high is prosperous for that nation, and
instead
of restricting their salaries
government
should encourage
projects
to foster more
development
and growth and should pave the way for others to earn higher,
however
, we would be discussing both the arguments below.
To begin
with, a certain
amount
of the public narrates that the authorities should restrict the
amount
being paid.
This
can be helpful ,especially in developing countries where the
government
can keep a check and balance on their people by curtailing down aspects
such
as
money
laundering through
tax
invasions because
this
phenomenon is true to the extent that the elite class that earns more
areCorrect subject-verb agreement
show examples
involved in
tax
invasions, and that they are laundering their
money
illegally to buy assets in other parts of the globe.
For instance
, a report from the United Nations highlighted that the higher class in African and Asian countries have been buying assets in many parts of Europe through means of
money
laundering.
This
notion of limiting pay can
also
be useful to create harmony among the public so that the rich don't get richer and the poor don't get poorer.
On the contrary
, some perceive that
this
is beneficial for the
government
and their country. The
government
could benefit from the fact that their
tax
collection will increase, in ,particular they would have much more
amount
to spend on the general public. To simplify, they can use
this
income to start new
development
projects
and invest more in areas where higher incomes can be generated. To illustrate, India has been growing rapidly
due to
the number of millionaires increasing in their society,
hence
, new
projects
of growth and
development
are being made available to the public.
This
argument can
also
encourage many others to earn more income and be successful in their lives.
Furthermore
, I believe that the
government
should promote more public to earn handsome amounts of pay and that
this
will benefit the country as a whole.
In other words
, high pay will help improve the living standards of many and the nation will have much more
money
from taxation to spend on prosperous
projects
such
as IT schools and high-class hospitals.
To conclude
, regulating salaries might be helpful to restrict
tax
invasions but the
overall
government
should motivate higher incomes as
this
could provide them with a sufficient
amount
of funds to increase
development
and growth.