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Widespread  corporate corruption has left the world in financial turmoil. It will take a long time to recover from this huge problem. When the increase taxes hit the US and UK: economic austerity programs will cripple struggling economies. More people will be out of work. Unemployment will rise in both the US and UK as a result of economic austerity: welfare cuts, public service cuts,  decrease in pensions and increase in taxes. 

The majority will  have to pay for the failings of the wealthy few.