What if tax brackets worked this way would the Rich/Wealthy still be Rich if the rich paid 70% on the first fe?

End the loopholes for billionaires, hedge fund managers, yacht owners, trust fund babies, and jet owners that no one else gets. That would be a step towards fairness. We need more tax brackets than 3. That is the problem now. People making $250,000 per year pay a higher rate than those making 1 billion / year.