There isn't enough CO2 in the atmosphere for economical direct extraction. Therefore, any CO2 intended for storage must be manufactured from raw materials using chemical and biological methods. Somebody must pay for these processes. Since everyone benefits from CO2 sequestering, everyone must pay. How much should we, as individuals, pay for the manufacturing of CO2 intended for storage?
The manufactured CO2 must be stored somewhere in pressurized containers, underground caverns, or perhaps in arctic sea water. Somebody must pay to have the manufactured CO2 transferred to storage. Since everyone benefits from CO2 storage, everyone must pay. How much should we, as individuals, pay for transferring CO2 to storage?
Some of the stored CO2 will eventually leak out into the atmosphere. Storage facilities must be monitored and maintained. Somebody must pay for this monitoring and maintenance. Since everyone benefits from CO2 monitoring and maintenance, everyone must pay. How much should we, as individuals, pay for this service?
We currently pay a CO2 tax to power companies that must purchase emission credits from emission credit vendors. Why not also impose a tax on carbonated beverages? We will soon have six billion people on Earth who exhale CO2 with every breath. Why not impose a tax on breathing?
The easiest way, in my opinion, to get the money to pay for saving the Earth from CO2 extinction is a flat tax to cover all of these expenses. My suggestion is to limit that tax to no more than 15 to 25 percent of individual income. Perhaps somebody could find a way to manufacture and sequester CO2 for less money.
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