In many countries, a small proportion of people have earned extremely high salaries. Some individuals regard
this
as beneficial for the country, as high earners pay a substantial amount in taxes, which is Linking Words
then
used for public services and infrastructural development. Others contend that unequal income distribution leads to social tensions and contributes to feelings of injustice and resentment within society. Linking Words
This
essay hereby addresses both sides distinctively, weighing their merits and demerits.
Unequal income distribution leads to social tensions, often Linking Words
due to
financial responsibilities from banks, healthcare policies and educational organisations. Linking Words
Moreover
, disparities between the wealthy and the poor are huge and contribute to the feeling of injustice and resentment within society. In India, founders like Mukesh Ambani and Ashneer Grover earn extremely high salaries; if distributed equally among fellow employees, they would contribute significantly to resolving their financial problems.
Linking Words
On the contrary
, limiting earnings to a certain threshold might slow development, as the most talented individuals would migrate to countries with fewer restrictions on salary, reducing engagement and trade from other nations. In Iran, most business owners have relocated to Singapore and Dubai to rebuild their businesses with no restrictions on salary earned, ultimately leaving the country in recession and dependence on allies for food and water. Linking Words
Moreover
, confining income would discourage future generations from taking on challenging roles, ultimately affecting Linking Words
overall
economic productivity. Linking Words
Furthermore
, high earners pay a substantial amount in taxes, which is later used for public services Linking Words
such
as hospitals, schools, and parks.
In conclusion, confining salaries would encourage future entrepreneurs and existing founders to migrate to countries with fewer restrictions on earnings, leaving the nation with fewer tax funds. Linking Words
This
would decelerate economic development, and other nations would demolish their trade routes with the underperforming nation. Linking Words
Therefore
, allowing high earnings would enable the government to spend the tax funds on the creation and maintenance of public services Linking Words
such
as hospitals, schools and parks.Linking Words
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