That won't eliminate the externality. All appliances will now cost $X more. In the meantime, the government will have collected $X*N more revenue, but it won't have gone toward recycling the decommissioned appliances; instead, they'll have gifted it to their favorite special interests. Net outcome is a happy special interest, a re-elected politician, but a sad consumer and a sad mother earth. I don't see it being worth it.