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.