Posts Tagged ‘Robert Bass’

Billionaire Wants Ft. Worth Taxpayers to Pay For His Hobbies

Wednesday, September 12th, 2012

Ft. Worth has a $49 million budget deficit. So they’re doing the responsible thing that Texas governments do when faced with budget shortfalls: Cutting back on spending. (Maybe someone should tell California (or Europe) about this radical approach, since no one there seems to be able to cut a budget except at the edge of bankruptcy. And frequently not even then.)

The City of Fort Worth is looking to cut the arts program by 25% which would bring the Arts Council budget to just over $537,000.

Businessman Robert Bass and his wife have are against the budget cuts and argued for funding to be restored before the city council.

Robert Bass is a multi-billionaire. He could pay the amount cut out of his own pocket and it would literally be less than how much his personal wealth fluctuates on the ups and downs of the stock market on any given day. But instead of ponying up, Bass believes that Ft. Worth taxpayers should foot the bill.

You might think that a Texas oil billionaire would be a big Republican contributor. You’d be wrong. Beneficiaries of his contributions in this cycle have been Democrats like Dianne Feinstein, Ben Nelson, and Claire McCaskill. (And his wife Anne was equally generous to Democrats.)

Government exists to carry out those tasks that cannot be carried out by non-governmental organizations (defense, courts, etc.). Government should let individuals voluntarily fund the arts out of their own pockets rather than forcing taxpayers to pick up the bill. If Robert Bass wants art organizations in Ft. Worth to be funded, all he has to do is write a check, not demand taxpayers pay for his hobbies.