Agreed it is a waste to spend too much time worrying.
It seems dubious to claim that the tax break is a net positive for the country's economy. If art were so economically viable I suspect it would pay for itself and not need government incentives. I have no problem with the government paying a muralist to beautify some public space, but this is not that. This is subsidizing art that already has some economic value to someone, just not very much.
I feel like what is actually happening is subsidizing the buying of art, as the artist themselves can afford to charge a lower price due to the tax break. So you are encouraging the population to buy more art. And I guess that has some hypothetical returns in terms of life satisfaction and civility...? I think if they framed it this way, as a tax benefit available to anyone instead of exclusively to a select few, it might be more well received. I think of the mortgage interest tax break in the USA (which is actually almost completely negated at this point by the growing standard deduction) in the same way. It encourages people to settle down, maintain a job, and buy into society, so it helps build social stability and reduces violence.
It seems dubious to claim that the tax break is a net positive for the country's economy. If art were so economically viable I suspect it would pay for itself and not need government incentives. I have no problem with the government paying a muralist to beautify some public space, but this is not that. This is subsidizing art that already has some economic value to someone, just not very much.
I feel like what is actually happening is subsidizing the buying of art, as the artist themselves can afford to charge a lower price due to the tax break. So you are encouraging the population to buy more art. And I guess that has some hypothetical returns in terms of life satisfaction and civility...? I think if they framed it this way, as a tax benefit available to anyone instead of exclusively to a select few, it might be more well received. I think of the mortgage interest tax break in the USA (which is actually almost completely negated at this point by the growing standard deduction) in the same way. It encourages people to settle down, maintain a job, and buy into society, so it helps build social stability and reduces violence.