I propose there should be a law on the usage of fast cars, the only requirement to own one is your drivers license and your money. There should be a special license for the use of fast cars where users will go through a school in the handling of fast cars and overall usage. The government should not show a blind eyes to all this incidents.
If this is your proposed law, then I guess it won't change anything since this same rich people can easily get the license, and they also have the money, just as you've demanded in your proposal, except you didn't communicate your proposal correctly.
Personally, I love fast cars, and I feel excited when I see one or hear one drives fast past me. But guess what, I can never sit in a car that is moving too fast. But, just because I don't sit in fast moving cars doesn't mean I should suggest that the government creates a law for it that might affect those that wants to buy one for themselves. Maybe a fine might be best for the now, but I doubt if it will eradicate it completely.