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Word Count: 1,641
Inequitable distribution of wealthresourcesincome in modern world hascreated a divide between haves and have-nots Researcherseconomists and politicians have expressed different views Some believethat there should be a ceiling to what one earns and others oppose theidea stating that limiting the wageincome will not only dampen thespirit of entrepreneurship but also will be an injustice to those whotake risk and work hard The outcry for limiting maximum wage dates backto the period of World War II when President Franklin Delano Rooseveltissued an order limiting corporate salaries to no more than 25000per year after taxes As against this Abraham Lincoln had statedYou cannot make poor rich by making rich poor Though the viewshave been expressed at different periods in historyNevertheless it is a fact that there is a class differenceresulting from disparity in incomewage within same organizationsSome people just pleasantly wonder Where to spend while manyothers just ask What to spend It is also accepted as an issue that has to be resolved to ensurehealthy economy and decent living for all Sam Pizzigati 2009 P 42poses the same question and states President Obamas current 400000salary interestingly equals nearly 25 times the lowest federal paygrade This 25-to-1 ratio some legislators believe could well serve asthe basic standard in all situations that involve tax dollars Thissuggests that there should be a law that specifies the ratio of maximumpay THE ISSUE FROM DIFFERENT PERSPECTIVESThe following quote expresses the present situation and also poses thequestion to efficacy of suggested remedy Will the remedy prove worsethan the diseaseThe cleavage of the hyper-rich away from the rest of society has neverbeen more evident The disproportionate wealth resources power andinfluence of this small group are under increased public scrutiny Butwould an imposed limit on what people earn really help balancesociety New Internationalist Issue 445 Sep 22 2011 Sam Pizzigati 2009 P 42 states that the wage ratio of CEO and workerswas 40-to-1 a few decades ago and the wage ratio in 2007 was
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