[lewislynn]

the business can just pass the tax to the consumer

Pure illogical lunacy.

If a business can simply raise prices for whatever reason, what's stopping them from raising their prices any other time?

Guess what happens to your income tax when you increase your income?

[Aevery_Freeman]

Taxes are just the "cost of doing business" and must be passed along if the business is to survive, which is not guaranteed.

If a business cannot provide a reasonable rate of return, the capital will move to a more profitable use.

You don't really believe that the wealthy simply eat the loss do you?