Is This How U Encourage Pay Equality?

French high court approves 75 percent tax rate on executive salaries
By Agence France-Presse

".. the idea was “not to punish” but added that he hoped it would spur companies to lower executive pay at a time when the economy is suffering, unemployment is soaring and workers are being asked to accept wage cuts."ORWill this encourage companies to pay executives even more?

Wouldn't the greater costs then be passed down to consumers making matters worse?