The Planet Earth has numerous wealthy and powerful countries, some of them being dictated by a percentage of high salaried people. Some people believe that this scenario is brutal for a country and salaries should be controlled by government with limiting these. While, on contrast, some people admire that this is good for a country.
To begin with, some people suggest that if a certain percentage of people earns enormously than the rest, it will create a misconception that the ruling government is biased towards rich and ignoring the less rich ones resulting in internal conflict and distress. For instance, In 2022, a similar situation was developed in Pakistan, a poor and unbacked country and in the end it resulted in falling of their government with local public being the victim of a great internal war and distress.
On the contrary, few people believe that the higher someone earns the more he will be indebted to pay tax. This regime will have a positive output as this collected tax amount will be used as a major source to upgrade and improve several lively hood aspects for the society, Thus, helping the country as a whole. For example, after the 2019 elections in India, The Modi government referred as Modi 2.0, heavily supported the rich ones by giving various government incentives to them. So, this all ended up in the favour of the less rich ones as well.
To conclude, as a capitalist, I firmly emphasize that the government should aid and help the richer people instead of capping them.
