“Businesses and corporations pass their taxes down to the consumer - the taxes are hidden in the cost of the goods and services that you buy”
For high earners that is the absolutely BEST tax possible. A regressive tax based on consumption.
How does taxation of items you buy have any bearing on (high) earners? One can be a high earner and eat ramen and spend modestly. It’s even possible to donate your earnings to charity. Now, if a high earner spends lavishly why would you care?!