[AdamConwayIE]

You don't have to wonder whether or not it returns value to the tax payer. The Irish government already monitored the pilot program for two years, publishing all of the details and findings. [1]

"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"

This came about as a mixture of greater economic activity from participants, cultural impacts that saw public-facing artist activities increase, and improvements to wellbeing of participants that reduced their requirement for psychological interventions by the state. The state also predicts that the further roll-out of this program will benefit consumers with lower prices for artistic works, as there will be more supply overall.

The scheme has been quite popular here in Ireland. Given the history of Ireland when it comes to art (both in the sense of spoken and written word, and in other mediums), it makes sense to introduce a scheme like this to safeguard and uplift those who produce art.

[1] https://www.gov.ie/en/department-of-culture-communications-a...

[closewith]

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.

[Supernaut]

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.

[monknomo]

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.