Could a Progressive Tax System make the Rich/Wealthy Business Owners who own and run the means of production c?

Could a Progressive Tax System make the Rich/Wealthy Business Owners who own and run the means of production could higher taxes on them make the Rich Business Owners Poor or cause them to run out of money why or why not ? The reason Im asking this question is because during World War Two and after the War the Tax Rate on the Rich/Wealthy was over 90% than it became 70% ? What Im really trying to ask is could a Progressive Income Tax make all Incomes equal ?