Wednesday, May 6, 2020

Corporate Welfare And Utilitarianism Utilitarianism And...

Corporate Welfare and Utilitarianism Case one proclaims that the American economy is failing millions of Americans. In today’s day in age, having a full time job does not guarantee an income above the poverty line. Currently, there are â€Å"80 government assistance programs† which provide working families the means to survive. It is important to note that these programs cost $153 billion annually, and these costs are covered by the government from the tax revenue they receive from hard working Americans (Myers). Businesses, like Walmart and McDonalds, pay full time employees so little that they live under the poverty line. Businesses can do this is because the government bails them out in the form of the assistance programs provided for their employees, which would be unnecessary if fair wages were paid to their employees. The case questions whether it is moral for well-established corporations to prosper at the expense of the government subsidizing their drastically underpaid employees. In this essay, I will analyze this dilemma through the lens of Utilitarianism and Kantian ethics. According to Utilitarianism, the action containing the greatest total happiness, regardless of perceived morality, is the right action. A key aspect of Utilitarianism is balancing pleasure over pain in order to increase total happiness (Cahn). For instance, 18% of all food stamps issued are used at Walmart. Additionally, many food stamp users are fully employed at corporations like WalmartShow MoreRelatedThe Ethical Theories Of Utilitarianism And Deontological Morals2353 Words   |  10 Pagesdevelopment of business ethics and which include an extremely rational significance in assessing ethical concerns in contemporary business: Utilitarianism and deontological morals (Hartman, L., 2017). 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