Please evaluate this essay (Excessive high salaries) Thanks! :)
Posted: Fri Aug 11, 2017 5:28 am
Opinion differ on whether extremely high wages should be permitted is heated in many countries. While enormously high wages that a group of people get is in favour of country, I agree with those who believe that the government should impose some restrictions over the salary from the equilibrium point. This essay will delve into the both sides and my opinion about this issue.
On the one hand, it is said that a small number of high-income people is beneficial to the stability of society mainly because they pay more taxes. They contribute more money to the public interest so that more available monetary resources can be allocated in public services which determines the quality of life. Additionally, they also have greater capacity to spend which can boost economic growth. In general, people rewarded with high salaries who are highly skilled and intellectual, contribute towards the development of society.
However, the majority of people not having the wages payment balance which is not shared equally during the working process. Therefore, limiting high salaries would bring more equality to the community as it can prevent the rich from gaining unfair control over certain aspect of society. Moreover, It might be an effective way to narrow the wealth gap throughout a country. Furthermore, I maintain the fact that the majority earns pretty high salary level might contributes greater to the overall development of society then just the minority with extremely high wages. As a result, government not only should impose restrictions over the salary but also provide free professional education and training to citizens for an overall improvement on revenue.
In conclusion, huge incomes that some people earn have useful sides for the country but the governments should not let wages being higher than a definite level for bringing the equality and should divert extra funds on cultivating more professionals.
Many thanks!