Earlier quoted context omitted.
That's not true. The potential for surprises gets smaller and smaller the more data you collect. The Webb will produce surprises at first because it is able to make new kinds of observations that were not possible before, but after a while that new data will be used to improve our models and subsequent observations in the same regime will (almost certainly) be less surprising as a result.
> The potential for surprises gets smaller and smaller the more data you collect. Mathematically, you are quite correct. But do you really believe that with one little ole' telescope pointed at the freakin' universe you're going to reach a significant point of diminishing returns? It's like saying if you invent the first microscope, and discover bacteria, why bother with another one?
Exactly, why bother with discovering millions of bacterias with 20 copies of the same microscope if for the same cost can build 5 different microscopes allowing discoveries of thousands of fungi, viruses, protozoans, algae, plankton etc.
In astronomy there are multiple bands to observe - gamma rays, x-rays, EUV, UV, visible light, near-IR, far-IR, short/medium/long radio waves. There are also gravitational wave observatories and special instruments like spectrographs and coronagraphs for imaging exoplanets. Every of those observations needs highly specialised instrument but brings a lot of new insight about what is happening in the universe.
Most of Hubble's groundbreaking discoveries came in first 10 years of its operation. Less in next 10 years. Even less in third decade. In fact its final service mission had been cancelled once but was reinstated once it was clear that JWST will be massively delayed and risky. For combined cost of Compton (gamma/high x-rays), Chandra (low x-rays) and Spitzer (infrared) we most likely could have built and launched another Hubble, but there was no point as those 3 generated much more valuable science than another Hubble ever would.