After guaranteeing its banks' debts in October 2008, Ireland announced this weekend that it applied for a multibillion-Euro bailout package from the European Union and the International Monetary Fund. Don't freak out, though! The corporate tax rate won't be raised.
Simon Johnson was the top economist at the International Monetary Fund for a while, so he definitely knows what it looks like when plutocrats destroy an economy. He's written a lengthy Atlantic story on how we are all fucked.