From what I see on the news, rich white-collar criminals get fined a small amount of what they stole and are sentenced to much less jail time than their poorer

From what I see on the news, rich white-collar criminals get fined a small amount of what they stole and are sentenced to much less jail time than their poorer fellows. To remedy this, I suggest everyone adopt a system where anyone who stole money or did other financial damage through criminal means spends one day in jail for every $300 of damage they caused. This has several advantages: 1. The rich would no longer be above the law. 2. It would deter financial crimes and vandalism. 3. It would prevent "victim restitution extortion" where middle-class people are extorted to either give up their life savings or go to prison; They are going to jail regardless, so there is less incentive to set them up to get victim restitution.