It's not just "any individual with a telescope" though. It's stuff like the Simonyi Survey Telescope, a set to map the southern sky down to below 27th magnitude that's in trouble.
And none of that takes into account that many of these telescopes are used specifically as experimenter telescopes where a given scientist can use their own equipment to perform unique observations that cannot be easily done with space-based telescopes.
It took over a decade to produce the Webb telescope and get it into space, and still is a massive feat of engineering not easily reproduced. We're not nearly to a point where we can just write off ground-based observatories in place of space-based ones.