Assume that you are King Helvering I and that Paradise is in need of revenues. At present your country relies exclusively on import duties, but your finance minister has proposed that the legislature enact a bicycle tax in order to raise the necessary revenue. In light of what you have read so far, on horizontal and vertical equity, and acceptable tax policies like transparency, simplicity, benefit, and progressivity, would this be a wise act of tax policy? Paradise is an island with a bustling city at its center. It has an extensive system of roads