Ah, I see. That is quite clever. And I like the idea of implementing it in non-centralised market. This could be an actual use case for those, instead of all those pictures of cats and monkeys.
This would have to scale quite significantly for those betting against climate change to be able to affect it. Like you say, corporations could cooperate and also gain some goodwill. And venture capitalists, or just any investor, could chip in.
I really like the idea of creating direct economic incentives for positive development, at the same time as you insure those that are harmed if it doesn’t go so well. And this would also be global and have direct effects, and not sensitive to populist politicians and temporary government investments like climate politics tend to be today.
Edit: spelling
It is not legal where I live, and I assure you that the tax agency where I live will hunt me to the edge of the world if I refuse to pay exactly what they demand.
We are just looping around the same arguments here, and do not move anywhere.
Let’s try not talking about the binary situation of refusing a government or taxes altogether. I can agree that certain things can be handled by a state (although not in the most efficient way imo). There are still a shit ton of things that governements spend money on that I might not want. For example, where I live a significant portion of my obligatory tax goes to state run “public service”, i.e. state run entertainment. And our process for public procurement is a mess, where things cost insane amounts of money, and most of the time don’t even lead to any actual executed projects.
How are such things defensible with an obligatory tax design?
What I’m trying to say is that yes in a perfect world taxes are fine and dandy, and we get nice roads and healthcare, but in the reality that at least I live in it is just an expensive mess of things that I mostly don’t want, but am forced to pay for.
Edit: a word