In various nations around the globe, the problem of earnings is gaining further attention. In these countries, some particular individuals make exceptionally higher figures compared to others. While some people believe that this is beneficial to a country, another group of people think otherwise, saying that the government should limit the earnings of the population. Although both groups of people have their own valid points, I will start by analysing both opinions and then state my own beliefs afterwards.
To commence, some people carry the opinion that the government’s intervention is needed. When stating specifically why they think like that, they may claim that high salaries for only certain people will contribute to the emerging seriousness of income inequality, which is already widespread in plenty of urban areas. The primary example which backs this claim is the Brazillian city of Rio de Janeiro, where the most influential people make high wages and live opulent lives, while others around them have to spend their lives in filthy slums. Moreover, they assert that when someone makes extremely high figures, they will get hold of too much power, as money usually equals power, this will cause further social instability as well as make the power balance lean to one side.
Despite the reasonable points of the view above, some people still bear in mind that governmental intervention is unneeded and the current situation might as well be advantageous for a country. They state that the people who earn exceptionally high salaries had to work their backs out to achieve that figure. For them, those people had to put in blood, sweat and tears to accomplish their goal and that it is their right to do so. A typical example of this is Bill Gates – the CEO of Microsoft. He could only achieve those high earnings and became a billionaire is all thanks to his effort and his devotion towards his company. In addition, they also provide a point that the sheer difference in income between different people groups will assist in encouraging further development in the less wealthy population, and as a result, improving the status of a country in general.
To summarise, both views have their own reasonable and fair points. But as far as I am concerned, a balanced approach should be taken to close the wealth gap between people, as well as let the worthy earn the wages they deserved as to increase development.