Then either charge £1 a head or close. People will pay what they think it is worth
That is the problem. Arts funding subsidises things people do not value
£8 a head and you'd be closer.
Of course, that's what people began complaining about early on; that ticket prices for some were unaffordable. Yes in some cases they are, in the same way that things I don't desperately want to attend, but might if it was cheap, are unaffordable; I wouldn't pay bucketloads to go see Dolly Parton, but if she was on for a fiver I'd have a gander.
In order to fulfill your brief above, we could never show niche things, we could never have experimental art, we could never give artists a starting ground, because those things would never sell. You're not going to pay £8 to see an upcoming artist in Walsall but you might pay £8 to see David Hockney. But then because that artist is known to attract an audience, he can go to the highest bidder for an exhibition, which would undoubtedly be in London, not because of arts funding, but because there's a bigger audience and more private investment in the arts.
All of those things have to start somewhere in order for them to become something.
You see exactly the same thing with gig tickets as someone mentioned earlier. Difference being they're not trapped with their collections in big buildings that are divided in their purpose.
Of course, we could close, collectively as a culture, but we'd be looking at unemployment in the region of 110,000 and that's just full-time staff - before you even get to the artists, plus all the empty buildings we'd have to hand back to councils all over the land, which would still cost them money to convert or maintain. Since it's usually the case that the council owns their collections in regional galleries they'd still have a responsibility to store and conserve them, so that will be an additional cost to regional councils. How they'll do that without any staff I don't know but I'm sure you'll figure it out.
Then there's the £850 million we'd lose in tourism and the people employed in those jobs. Not forgetting every school of art & design up and down the country.
All it will create is a two-tier system. The kind where the kids who can afford to go somewhere private, or abroad will go and study art, in institutions who then churn out the next amazing artist to be shown at a high-end London gallery that knows they will sell their work because of the clientele they attract. Then art will definitely not be for everyone. And it most likely won't be good because competition won't be fierce, it won't be based on quality, it will be based on ability to pay.
And I totally agree with angeltulips on that one. There are a hundred things that I do not value within this country, but my taxes still support them and I am happy for them to do so, because I can understand and appreciate there is a wider ecology they support at play.
We're not stupid. We know more cuts are coming. Every arts organisation in the land is trying to generate income. The problem is, that's a culture that takes time to foster, on both the organisational side and the visitor side.