In the present age, whether a small proportion of people earn extremely high salaries in many nations has sparked so much debated. Some people assert that this is good for the nation, whereas many others argue that governments should limit a certain level of salaries. Personally, I am in favor of the latter view.
Convincing arguments can be made that limitation of income level is better for the country in term of decreasing income gap between people in the same society. Taking Europian countries as an example, many people in Europe have the same level of income so they are normally affordable buying similar clothing brands or similar smartphone brands. In contrast, Thailand where there are a high level of income gap. Many of people with less income often prefer to have something similar to a group of high income people such as luxury accessories and this can lead to stealing which is one of the most serious problems in Thai society.
Admittedly, there are fewer benefits for society if only small amount if people receive very high salaries. The reason for this is purchasing power rate is concentrated at one group of people and it is not suffice to drive an economic of the country. Moreover, most of the high salary person prefer to import materails from other contries which it can impact to drop in GDP
In summary, I would concede that having high income level in small proportion of citizens have less advantages. Despite that, limitation of income level by governments support nations in a much better way. Overall, I am convinced that each nation should have regulatory to set the certain level of income.
In the present age, whether a
small
proportion of
people
earn
extremely
high
salaries
in
many
nations
has sparked
so
much debated.
Some
people
assert that this is
good
for the
nation
, whereas
many
others argue that
governments
should limit a certain
level
of
salaries
.
Personally
, I am in favor of the latter view.
Convincing arguments can
be made
that limitation of
income
level
is better for the country in term of decreasing
income
gap between
people
in the same society. Taking
Europian
countries as an example,
many
people
in Europe have the same
level
of
income
so
they are
normally
affordable buying similar clothing brands or similar smartphone brands.
In contrast
, Thailand where there are a
high
level
of
income
gap.
Many
of
people
with less
income
often
prefer to have something similar to a group of
high
income
people
such as luxury accessories and this can lead to stealing which is one of the most serious problems in Thai society.
Admittedly
, there are fewer benefits for society if
only
small
amount if
people
receive
very
high
salaries
.
The reason for this is
purchasing power rate
is concentrated
at one group of
people
and it is not
suffice
to drive an economic of the country.
Moreover
, most of the
high
salary
person prefer to import
materails
from other
contries
which it can impact to drop in GDP
In summary, I would concede that having
high
income
level
in
small
proportion of citizens have
less
advantages. Despite that, limitation of
income
level
by
governments
support
nations
in a much better way.
Overall
, I
am convinced
that each
nation
should have regulatory to set the certain
level
of
income
.