The impact of talent is that artists express themselves in ways that stimulate the works' recipients. To be sure, nurture contributes to this ability, just as nature does. But if artists don't have natural talent, their works will fail to inspire anyone except the artists themselve.
As to the second half of your second sentence, it is simply a fact of life that most art ever produced is gruesomely bad. Just because everyone can express themselves, that doesn't mean everybody should. Personally, I'm quite grateful that society has watchdogs who take it upon themselves to suppress bad art.