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

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A certain
amount
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of the population is withdrawing handsome amounts of pay in several nations, some believe that
this
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is a positive for that nation,
while
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on the other hand
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, some argue that the
government
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should act to restrict the
amount
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to be paid to them. I fully endorse the first notion that earning high is prosperous for that nation, and
instead
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of restricting their salaries
government
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should encourage
projects
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to foster more
development
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and growth and should pave the way for others to earn higher,
however
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, we would be discussing both the arguments below.
To begin
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with, a certain
amount
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of the public narrates that the authorities should restrict the
amount
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being paid.
This
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can be helpful ,especially in developing countries where the
government
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can keep a check and balance on their people by curtailing down aspects
such
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as
money
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laundering through
tax
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invasions because
this
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phenomenon is true to the extent that the elite class that earns more
are
Correct subject-verb agreement
is
show examples
involved in
tax
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invasions, and that they are laundering their
money
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illegally to buy assets in other parts of the globe.
For instance
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, 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
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laundering.
This
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notion of limiting pay can
also
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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
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, some perceive that
this
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is beneficial for the
government
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and their country. The
government
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could benefit from the fact that their
tax
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collection will increase, in ,particular they would have much more
amount
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to spend on the general public. To simplify, they can use
this
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income to start new
development
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projects
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and invest more in areas where higher incomes can be generated. To illustrate, India has been growing rapidly
due to
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the number of millionaires increasing in their society,
hence
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, new
projects
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of growth and
development
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are being made available to the public.
This
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argument can
also
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encourage many others to earn more income and be successful in their lives.
Furthermore
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, I believe that the
government
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should promote more public to earn handsome amounts of pay and that
this
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will benefit the country as a whole.
In other words
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, high pay will help improve the living standards of many and the nation will have much more
money
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from taxation to spend on prosperous
projects
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such
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as IT schools and high-class hospitals.
To conclude
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, regulating salaries might be helpful to restrict
tax
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invasions but the
overall
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government
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should motivate higher incomes as
this
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could provide them with a sufficient
amount
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of funds to increase
development
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and growth.
Submitted by junaidfayyaz197 on

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Word Count

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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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