• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Economy

The Case for Privately Funding the Arts Just Got Stronger 

by September 30, 2025
by September 30, 2025

Earlier this year, New York Times reporter Dionne Searcey covered a ritzy Hamptons gala for the Parrish Art Museum on Long Island. The gala, called “Echoes of the Cosmos,” attracted the typical millionaire and billionaire class, raising a total of $1.4 million when all was said and done. Searcey noted that galas like this have become more important for the arts community now that federal largesse is drying up. “This year, the pressure on nonprofit institutions to raise money at events like these is higher than ever,” she writes. “Federal support for the arts has become unreliable, and tapping just a little bit more of the immense wealth in the Hamptons could make or break an institution.” 

From posh museums to humble local theaters, the arts community across the US has been echoing these sentiments, and understandably so. On May 2, an email from the Trump administration was sent to hundreds of arts groups across the US notifying them that their grants were being terminated. “The NEA [National Endowment for the Arts] is updating its grantmaking policy priorities to focus funding on projects that reflect the nation’s rich artistic heritage and creativity as prioritized by the President,” the email said. “Consequently, we are terminating awards that fall outside these new priorities.” 

That same day, Trump’s discretionary budget request was released, and, consistent with previous Trump budget requests, it called for the complete elimination of the National Endowment for the Arts, the National Endowment for the Humanities, and the Institute of Museum and Library Services. The stated reason for the cuts was “to enhance accountability, reduce waste, and reduce unnecessary governmental entities.” 

The opposition to these moves from the arts community was swift. “The nonprofit sector is under siege by our own government, and arts organizations are especially vulnerable,” said Rob Lentz, the executive director for one of the organizations that had a grant canceled. “…When chaos and cruelty are the order of the day, all I can ask for is solidarity and resistance.” 

“Any attempt to dismantle the National Endowment for the Arts  —  by eliminating funding, reducing staff, or canceling grants  —  is deeply concerning, shortsighted, and detrimental to our nation,” said Erin Harkey, CEO of Americans for the Arts. “The NEA plays a vital role in the lives of millions of Americans and the thousands of nonprofit and governmental arts and cultural organizations that bring America’s story to life.” 

With a budget of $207 million, the NEA is one of the smallest federal agencies. But as the past few months have demonstrated, its supporters see it as an important source of finances for a valuable industry. 

The Case Against Government Arts Funding 

Trump’s cuts and rhetoric are raising questions that haven’t been seriously asked for many years: which kinds of artistic initiatives should the government be supporting, what exactly is the correct amount of government funding for the arts, and what levels of government should be responsible for that funding? 

But there’s also a bolder question this story raises that goes back to first principles: Should governments even be in the business of funding the arts in the first place? 

The standard defense of the affirmative answer is familiar to just about everyone. Advocates argue that these programs help to provide jobs, foster community, and ensure a cultural richness that would otherwise be lost. These benefits are undeniable, and if they were a free gift it would of course be foolish to renounce them. The trouble is, they aren’t free. 

This raises both an economic and an ethical objection to government arts funding. The economic objection stems from concerns about meeting the most urgent needs of consumers with society’s scarce resources. If more important projects — perhaps healthcare, education, housing, or food — have to be neglected so that resources can be channeled toward the arts, maybe that’s not a particularly wise use of funds. Maybe it would be better for our general prosperity to let the free market allocate resources based on consumer demand, rather than having the government allocate them based on…something else. 

The ethical objection to government funding of the arts is rooted in the idea that taxation is coercive, and that it is immoral to make our fellow citizens become coerced benefactors, even for a good cause. The twentieth-century German sociologist Franz Oppenheimer highlighted the coercive nature of the political process in his 1907 book The State: 

There are two fundamentally opposed means whereby man, requiring sustenance, is impelled to obtain the necessary means for satisfying his desires. These are work and robbery, one’s own labor and the forcible appropriation of the labor of others… I propose…to call one’s own labor and the equivalent exchange of one’s own labor for the labor of others “the economic means” for the satisfaction of needs, while the unrequited appropriation of the labor of others will be called the “political means” … The state is an organization of the political means. 

Consider the case of funding for the arts. Institutions like the NEA seek to fund the arts by using the political means, that is, simply taking the money by force regardless of whether the individual taxpayer-benefactors are on board with the NEA’s preferred initiatives. A gala, on the other hand, is a perfect example of the economic means: people are voluntarily funding a cause with their own money because it is something they personally endorse. 

Conceding that a certain amount of arts funding will always exist from voluntary contributions, some may still be concerned: wouldn’t a lack of government funding at least mean artistic institutions have less money to work with? As it turns out, even that isn’t necessarily the case. For instance, the $1.4 million raised at the Echoes of the Cosmos gala more than made up for the loss in federal funding for the Parrish Art Museum. Cutting back on federal funding didn’t mean the Museum had any less money in the end; it just meant that donors stepped in and voluntarily made up the difference. 

As Russ Greene observed, that seems like a win-win. The people who care about this institution still get to see it thrive, and taxpayers get to keep more of their money. 

The fact is the arts don’t need government support to flourish. For centuries they have done immensely well on a purely voluntary basis — largely thanks to market-driven prosperity. Bruce Walker highlights this historical reality in a 2009 article: 

The Gilded Age captured in the literature of Mark Twain and Edith Wharton was highly fruitful for the nation’s art, witnessing the establishment of the Metropolitan Museum of Art (1870, New York), the Boston Museum of Fine Arts and the Philadelphia Museum of Art (both 1876), the Chicago Academy of Fine Arts (1879), and the Corcoran (1869, Washington). All opened their doors without government money, as did a plethora of other museums, private collections, and art schools. 

The fundamental principle here is that people should not be forced to fund things that they don’t want to support. There are plenty of great initiatives out there that do a lot of good in the world, from arts and culture programs to charities for the poor to cancer research. But which of these receive our hard-earned money — and how much of it — is a deeply personal choice that should be left to the individual. The will of the majority should not supersede your own values on the question of what to do with your money. The priorities of the majority should not be imposed on those who don’t share those priorities, or who think there is a better way of achieving them. Part of living in a free country should mean being free to spend your own money as you see fit, rather than having the government make most of your charitable decisions on your behalf. 

The political means may be expedient, but it is not the right way to fund a cause — and it becomes especially disconcerting when those from more humble backgrounds are forced to fund lavish art museums in the Hamptons.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Explained: Wolfspeed stock soars 1,700% but investors didn’t make any real money
next post
Dodger Stadium’s Dark Secret and the Human Cost of Urban Renewal

Related Posts

Tariffs Rest on Distrust of Citizens

October 3, 2025

What I Saw in Milei’s Argentina

October 3, 2025

White House says federal layoffs could hit ‘thousands’...

October 3, 2025

Democrats refuse to budge over Obamacare fight as...

October 3, 2025

Johnson shuts door on negotiating shutdown deal as...

October 3, 2025

‘Real consequences’: Food aid, flood insurance, FEMA funds...

October 3, 2025

Trump must triple severely outdated nuke arsenal to...

October 3, 2025

FLASHBACK: James Comey urged officials to always prosecute...

October 3, 2025

The agency staff Vought might recommend cutting and...

October 3, 2025

Trump’s DOGE savings dwarfed by Medicare, Social Security...

October 3, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • What I Saw in Milei’s Argentina

    October 3, 2025
  • Tariffs Rest on Distrust of Citizens

    October 3, 2025
  • Cyberattack halts Asahi production, disrupts Japan’s beer supply

    October 3, 2025
  • Europe markets open: Stoxx 600 rises 0.4%, extending its record-setting rally

    October 3, 2025
  • Bitcoin ETFs see over $600M in inflows as BTC price nears $120K

    October 3, 2025
  • Stockholm leads Europe in IPO activity with $6.8 billion raised

    October 3, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 5

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 6

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025
  • 7

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025

Categories

  • Economy (2,770)
  • Editor's Pick (279)
  • Investing (185)
  • Stock (1,885)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Iran regime escalates repression toward ‘North Korea-style...

July 5, 2025

‘Get a job’: Medicaid work requirements included...

July 20, 2025

Trump foe Letitia James leading charge on...

May 6, 2025