Citizens of many countries are now earning staggering
amount
of money. Fix the agreement mistake
amounts
Due to
that some are of Linking Words
an
opinion that it’s beneficial for a nation as it elevates living Correct article usage
the
standard
. Fix the agreement mistake
standards
Whereas
, others think that the government should have strict policies that prohibit people from earning above Linking Words
defined
Add an article
the defined
limit
to control Fix the agreement mistake
limits
the
inflation. Both views are Correct article usage
apply
further
explained Linking Words
along with
my view in conclusion.
Having Linking Words
the
high-income earners in a country Correct article usage
apply
have
several merits. The predominant gain is that it lifts the living standard. As people with Change the verb form
has
above median
wage tend to spend more than a person with Add a hyphen
above-median
the
limited earnings. Correct article usage
apply
As a result
, Linking Words
this
generates tax revenues, creates job opportunities, Linking Words
as well as
elevates living Linking Words
standard
. Fix the agreement mistake
standards
For example
, most Linking Words
of
Change preposition
apply
the
rich class citizens love Correct article usage
apply
traveling
to different places frequently, which generates Change the spelling
travelling
incomes
for many locals and the government Fix the agreement mistake
income
due to
Linking Words
the
tourism.
Correct article usage
apply
However
, the downsides of Linking Words
this
should Linking Words
also
be considered. The primary drawback is the Linking Words
raising
inflation. Because the rich are able to afford additional costs for the same goods that the underprivileged are buying for much Correct your spelling
rising
lesser
. The case of Correct word choice
less
Canadian
housing market is a perfect example of Add an article
the Canadian
this
, where the prices went up by almost 50% Linking Words
due to
higher demand and low supply, as the higher salaries individuals were able to afford that as well.
Linking Words
To conclude
, Linking Words
higher earning
individuals are good for countries economic growth, but the government should constantly monitor the inflation rate. From my perspective, the Add a hyphen
higher-earning
goverment
should invest resources to accurately determine income tax for high-networth individuals and should closely monitor their Correct your spelling
government
expences
. Correct your spelling
expenses
As by
doing Change preposition
By
this
, they can prevent Linking Words
the
major economic crisis.Correct article usage
a
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