In some countries, a few people earn extremely high salaries. Some people think this is good for a country , while others believe that the government should control salaries and limit the amount people can earn. Do you agree or disagree?
Generally, accumulating money and earning limitless wealth
is a dream of every individual. People
after attaining remarkable education deserve high salary and involving country
administration in such matters could increase burdens at ruler
shoulder.Consequently, I disagree with the topic as I presume that impressive
earners pays colossal tax and promotes development of business.
To begin with, a business hub appoints intelligent and
intellectual people to run their firm effectively. Country income heavily
relies on tax paid by the civilian,furthermore, sufficient and considerable
cash flows intensify the purchasing
power of an individual. Exchange of money between businessperson and local civilians
could be exceedingly beneficial for country currency value .Moreover, the
effect of this substantial activity might also boost the stock exchange. For
instance, in Singapore take home salary of people are stupendous,therefore, tax
revenue generation of Singapore is relatively higher than other South Asian
countries.
Secondly,a human being lives a discipline life to acquire
adequate education in order to receive unstoppable success. In addition, people
endure and work extremely hard for decades to become affluent and lives a
luxurious life. All such things only possible with the help of finance .In such
scenarios resisting an individual to earn their deserving incomes could be
disappointed,miserable,annoying and deprived territory from creative people.
For example, in 1970 states of South America imposed ban that no one would be
paid more than 1500 dollar enforces monstrous mass skilled immigration to
others country.Similarly, highly capable and magnificently talented people do
not like any kind of limitations as they reckons that may become an obstacle in
their journey to success.
To sum up, in my opinion people must allow to earn according
to an individual qualification and standard.Moreover, the prime responsibility
of a government is to ensure the public safety and comfort rather than putting checks on legal income of an
individual.
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