Comment Basically grants... (Score 1) 121
In terms of the money being paid out it sounds very similar to grant money to me. I've worked with multiple arts groups that apply for a receive grant money on a regular basis to put on art shows or theater productions. One of my friends has told me about artists she knew who received grant money and the art they produced which left me wondering how that was art... (again art is subjective). The main difference I see is that this is paid out monthly for the duration instead of a lump sum dispersement.
Finally does that $1.20 spent account for the overhead of running the program? Most charitable organizations are considered to be doing a good job if they keep their overhead to $0.20 to $0.35 per dollar spent. So if that $1.20 is only what is spent then the actual costs have to be $1.40 to $1.55 or higher depending on how well run this program is. Not to mention the costs of all the other government departments that have to have a hand in receiving the tax money, audiiting, accounting, etc...
Again, I'm not knocking the arts. I just don't think this sounds as groundbreaking as the article makes it sound.