In modern society, the income level of people are incredibly high. Whether high salaries impose positive impacts on a country has triggered heated debates. In my perspective, I think both parties are reasonable which I will elaborate below.
There are certainly some benefits of high income. One of the benefits is that the government will receive more income tax. The more profits an individual earn from business activities, the more tax he or she has to pay to the government because it is consistent with the taxation law. As a result, higher income in a country naturally boosts the tax revenue which allows the government improve the public facilities and infrastructure. Another advantage is the development of economy. With more disposable income in their hands, individuals are able to afford more luxury goods and branded products. Consequently, this encourage manufactures to produce more and, in turn, significantly enhance GDP.
However, there are opposing voices saying that the governments should control the salaries. To begin with, this reduce the possibility of social unrest. Crime offenders, in most cases, are the individuals who struggling extremely limited income. Given secured jobs and more money, they will not risk their liberty which greatly decreases the crime rate. Apart from this, ordinary people can have a sense of happiness. As they are no longer discriminated by the rich as a result of a huge income gap, they feel that every member in the society is treated equally. Less jealousy is certainly a contributor to a harmonious society.
In conclusion, I think that high income is definitely good for the country because many issues can be solved and it helps to boost the economy level.
In modern society, the
income
level of
people
are
incredibly
high
.
Whether
high
salaries impose
positive
impacts on a country has triggered heated debates. In my perspective, I
think
both parties are reasonable which I will elaborate below.
There are
certainly
some
benefits of
high
income
. One of the benefits is that the
government
will receive more
income
tax. The more profits an individual earn from business activities, the more tax he or she
has to
pay to the
government
because
it is consistent with the taxation law.
As a result
, higher
income
in a country
naturally
boosts the tax revenue which
allows
the
government
improve
the public facilities and infrastructure. Another advantage is the development of economy. With more disposable
income
in their hands, individuals are able to afford more luxury
goods
and branded products.
Consequently
,
this encourage
manufactures to produce more and, in turn,
significantly
enhance GDP.
However
, there are opposing voices saying that the
governments
should control the salaries. To
begin
with, this
reduce
the possibility of social unrest. Crime offenders,
in most cases
, are the individuals who struggling
extremely
limited
income
.
Given
secured jobs and more money, they will not
risk
their liberty which
greatly
decreases the crime rate. Apart from this, ordinary
people
can have a sense of happiness. As they are no longer discriminated by the rich
as a result
of a huge
income
gap, they feel that every member in the society
is treated
equally
. Less jealousy is
certainly
a contributor to a harmonious society.
In conclusion
, I
think
that
high
income
is definitely
good
for the country
because
many
issues can
be solved
and it
helps
to boost the economy level.