Sorry but not even close. Think about the fact that 80% of the world population lives on so little compared to America/Europe. If 100% of the planet follows your lifestyle advice, we would still be in trouble. It’s sad but the only "positive" thing right now about climate change is that most of the world is too poor to leave a big imprint.
We actually don’t need to lower the cost of permanent CO2 sequestration by very dramatic anounts before it’s feasible to finance a CO2 neutral Western lifestyle via taxes. The big challenge is scaling it up, and also having a society that’s productive enough to finance this.