This experiment has been run in most wealthy nations and the artwork renaissance didn't happen.
Most older people don't do arts/sciences when they retire from work.
From what I see of younger people that no longer have to work (for whatever reason) neither do younger people become artists given the opportunity.
Or look at what people of working age do with their free time in evenings or weekends after they've done their work for the week. Expect people freed from work to do more of the same as what they currently do in evenings/weekends: don't expect people will suddenly do something "productive".