Agreed, for the most part.  But both economic theory and reality are clear that some of the tax will be borne by corporations.  The question for low margin businesses is whether the tax is felt asymmetrically across them and their competitors.  If it is, it could cause some negative outcomes. But it's unclear how frequently this will be the case.   Retailers will still see demand for their products, even at a slightly higher price.

The sad thing here is the lack of discussion about the improvements in education that this will produce.  I wasn't born yesterday.  Not all of the funds will be directed to education.  But the tax will lead to a significant positive impact on education in this state.