It is believed that a number of individuals in a lot of countries earn an obscene amount of money. A few people are in support, claiming that it favours the nation however, others want the authorities to cap the achievable income at a set limit. Whilst I understand that making a lot of cash is good for the economy because it encourages healthy competition amongst businesses, I do think that limiting how much salary these people make is a step in the right direction, given that it gives too much power to the most influential citizens.
Extremely high salaries equals high revenue for the nation. When citizens of a country are successful, it automatically translates to riches – the economy flourishes, more individuals are motivated to join the work force and that equals development. A good example can be found in countries like Saudi Arabia, where the king's inner circle is the wealthiest hence, keeping ownership of his lands on a tight leash and through this he is able to control the affairs of his empire more efficiently; making them one of the richest countries in the world today.
Although more money is available to a select few, does not mean every one acquires these benefits; on the contrary, creates a large gap between the upper and middle classes of the society, hereby automatically putting the greater part of the population in the lower class; causing problems as poverty, inflation, corruption and all round anarchy. All due to the fact, that too much money was given to a select group of individuals.
In conclusion, I think setting a limit to the monthly or annual funds of the immensely rich will profit both the governing bodies and the populace by ensuring equal distribution of wealth.
It
is believed
that a number of individuals in
a lot of
countries
earn an obscene amount of money. A few
people
are in support, claiming that it
favours
the nation
however
, others want the authorities to cap the achievable income at a set limit. Whilst I understand that making
a lot of
cash is
good
for the economy
because
it encourages healthy competition amongst businesses, I do
think
that limiting how much salary these
people
make
is a step in the right direction,
given
that it gives too much power to the most influential citizens.
Extremely
high salaries equals high revenue for the nation. When citizens of a
country
are successful, it
automatically
translates to riches
–
the economy flourishes, more individuals
are motivated
to
join
the work force and that equals development. A
good
example can
be found
in
countries
like Saudi Arabia, where the king's inner circle is the wealthiest
hence
, keeping ownership of his lands on a tight leash and through this he is able to control the affairs of his empire more
efficiently
; making them one of the richest
countries
in the world
today
.
Although more money is available to a select few, does not mean every one acquires these benefits;
on the contrary
, creates a large gap between the upper and middle classes of the society, hereby
automatically
putting the greater part of the population in the lower
class
; causing problems as poverty, inflation, corruption and all round anarchy. All due to the fact, that too much money was
given
to a select group of individuals.
In conclusion
, I
think
setting a limit to the monthly or annual funds of the
immensely
rich will profit both the governing bodies and the populace by ensuring equal distribution of wealth.