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> the fact that art history majors earn a lot less than stem majors on average seems to confirm this

Precisely. There's a market for STEM majors already - so why subsidize it with taxpayer money? Shouldn't that be used for education that doesn't have monetary value?

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Why should taxpayer funded money be used to encourage people to study arbitrary topics? I'd rather they spend the money to encourage growth in areas that will drive the economy.

Unless you're seriously arguing that the liberal arts, and the arts in general, have no value at all, the reason is simple: the taxpayer should pay because no one else will pay for them, yet they're important.

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