In various parts of the world, some people are in favour to have significantly higher incomes as it is beneficial for the government, while others deem that income should be decided by the law so that no one earn more or less than he/she deserved.
On the one hand, earning a good amount of money might be beneficial for the human society and the government. Therefore, the higher the earnings, the more they would contribute in terms of taxes and donations and it will encourage the government to provide better funding for infrastructure, transport and healthcare benefits. For instance, Bill Gates, on of the top wealthiest persons in the world contributes as a philanthropist. Furthermore, it is by no means clear that every country is imposing such kind of income tax or every person is honest with their fellow citizens.
On the other hand, there are professions which are entitled as the core components as they contribute their efforts, time and sometimes their lives. For example, teachers, policemen and soldiers are usually not paid enough because of no system to define pay scale. In contrast, actors and sports champions are paid with higher salaries, which is not favourable to the people who are contributing more as compared to the media celebrities. So the pay scale needs to be defined by the state or any authorized institution so that the salary would not be compromised and everyone earns what that individual is accounted for.
In conclusion, while there are benefits of good earning, the lack of accountability is a substantial drawback. Having a defined slab of salaries seems to be beneficial for the countries and their citizens.
In various parts of the world,
some
people
are in
favour
to have
significantly
higher incomes as it is beneficial for the
government
, while others deem that income should
be decided
by the law
so
that no one earn more or less than he/she deserved.
On the one hand, earning a
good
amount of money might be beneficial for the human society and the
government
.
Therefore
, the higher the earnings, the more they would contribute in terms of taxes and donations and it will encourage the
government
to provide better funding for infrastructure, transport and healthcare benefits.
For instance
, Bill Gates, on of the top wealthiest persons in the world contributes as a philanthropist.
Furthermore
, it is by no means
clear
that every country is imposing such kind of income tax or every person is honest with their fellow citizens.
On the other hand
, there are professions which
are entitled
as the core components as they contribute their efforts, time and
sometimes
their
lives
.
For example
, teachers, policemen and soldiers are
usually
not paid
enough
because
of no system to define pay scale.
In contrast
, actors and sports champions
are paid
with higher salaries, which is not
favourable
to the
people
who are contributing more
as
compared to the media celebrities.
So
the pay scale needs to
be defined
by the state or any authorized institution
so
that the salary would not
be compromised
and everyone earns what that individual
is accounted
for.
In conclusion
, while there are benefits of
good
earning, the lack of accountability is a substantial drawback. Having a defined slab of salaries seems to be beneficial for the countries and their citizens.