Thanks for linking the CBA. I hadn't seen that before
> "The headline finding from this social CBA is that for every €1 of public money invested in the pilot, society received €1.39 in return"
Okay, so if you read the CBA, the net fiscal cost of the pilot was:
* Gross pilot cost (2021–2025): ~€114 MM
* Tax revenue: ~€36 MM
* Social protection savings: ~€6.5 MM
* Net fiscal cost: ~€72 MM
So for every €1 of public money invested in the pilot, society received 37¢ in fiscal return. So it's an unambiguous fiscal cost, a net loss.
Of the "Total monetised benefits", €80 MM of the benefit was in "wellbeing gains", as measured by the WELLBY test, which is calculated based on a single survey question:
> “Overall, how satisfied are you with your life nowadays, where 0 is "not at all satisfied" and 10 is "completely satisfied"?
The €80 MM in "wellbeing gains", which is the sole decided of whether this pilot was a net positive or a net negative to society, is because on average, the 2,000 pilot scheme participants had a very approximate 0.7–1.1 increase in score when asked the above question during the pilot as compared to before the pilot. Each 1 point is deemed to be worth €15,340.
That's it. There's no economic return - it's a proven economic cost. There's no proven social benefit. No demonstrated effect on art prices or availability.
The pilot was successful - if you consider it to have been - solely because the artists who received payments as part of the pilot had an improvement in Wellby satisfaction score when they were asked via survey. If you remove this factor, the pilot was an abject failure.
Nicely set out. I completely agree with you. I'm also pretty certain - and I say this both as a lover of the arts and as a taxpayer - that I will see no benefit whatsoever in my life, or to society in general, from the works produced under the aegis of this programme.
You know what would have been a worthwhile use of that €114 MM? Improving the pay and conditions of our naval personnel. That way, the nation might now be able to put more than one patrol boat out to sea at a time.
Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
In this case isn't it more that:
Every sculpture that is made, every picture drawn, every bed left unmade, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed.
From where I'm sitting, this is theft, its forced wealth redistribution, from people that are potentially already struggling,to people that choose to slum it as artists. Its not even means tested, this really will result in money transferring from those on the edge of poverty to rich art school kids.
There's currently 16,000 homeless / at risk people in Ireland, including 5000 children [0]. I can think of at least one better use for that money.
I think you two are using different definitions of society.
In this comment society seems to mean "the government, and its tax revenue profit/loss statement"
In the previous comment society seems to be construed more broadly and encompass both non-economic activity and economic activity outside the collection and disbursement of tax funds.
> In this comment society seems to mean "the government, and its tax revenue profit/loss statement"
No, that's not correct. I specifically separated the pure economic impact from the society impact, but the only societal impact used to quantify the success of the pilot scheme is that the people paid a basic income by the scheme had higher life satisfaction as measured by a single survey question.
That is the basis used by Government to claim that it's a social benefit.
Personally, I support the arts and I think that culture, health, housing accessibility, safety, fitness, happiness, and companionship are all better measures of a society than GDP or other fiscal metrics.
Right now, we have a health, housing, and social crises desperate for resources - resources that are allocated exclusively through Euro budgets. This pilot scheme has not demonstrated any cultural or social impact at all. Only the aforementioned increase in recipient satisfaction.
Meanwhile people in dire situations face multi-year waits for operations, or dying of a treatable stroke/MI due to a lack of ambulances, or death by suicide as the mental health services are overwhelmed.
Is the WELLBY score of these artists more important the WELLBY score of parents awaiting their kid's operation for the second or third spring? Or burying their children? Or raising them in hotel rooms?
Ireland is only economically successful. We are failing our citizenry abysmally outside of fiscal terms and basic income for artists should be allocated while hundreds of more pressing needs are left unmet.
> "The headline finding from this social CBA is that for every €1 of public money invested in the pilot, society received €1.39 in return"
Okay, so if you read the CBA, the net fiscal cost of the pilot was:
* Gross pilot cost (2021–2025): ~€114 MM
* Tax revenue: ~€36 MM
* Social protection savings: ~€6.5 MM
* Net fiscal cost: ~€72 MM
So for every €1 of public money invested in the pilot, society received 37¢ in fiscal return. So it's an unambiguous fiscal cost, a net loss.
Of the "Total monetised benefits", €80 MM of the benefit was in "wellbeing gains", as measured by the WELLBY test, which is calculated based on a single survey question:
> “Overall, how satisfied are you with your life nowadays, where 0 is "not at all satisfied" and 10 is "completely satisfied"?
The €80 MM in "wellbeing gains", which is the sole decided of whether this pilot was a net positive or a net negative to society, is because on average, the 2,000 pilot scheme participants had a very approximate 0.7–1.1 increase in score when asked the above question during the pilot as compared to before the pilot. Each 1 point is deemed to be worth €15,340.
That's it. There's no economic return - it's a proven economic cost. There's no proven social benefit. No demonstrated effect on art prices or availability.
The pilot was successful - if you consider it to have been - solely because the artists who received payments as part of the pilot had an improvement in Wellby satisfaction score when they were asked via survey. If you remove this factor, the pilot was an abject failure.