Government investment in science is...the only way basic science happens, really. I'd recommend reading The Entrepreneurial State [1] here: in essence, basic science pays off too slowly to interest even the most deeply-pocketed capital interests, but it pays off, so wise societies invest in it; Silicon Valley owes its existence to massive formative public investments in underlying technologies.
Not to mention that smart people generally prefer to live in places that value and protect science, so it's _also_ an indirect form of geopolitical talent recruitment. (See brain drain + brain gain impacts of science policy, for instance. There's a strong argument to be made that US mid-20th-century dominance in science and engineering was largely driven by a lot of very smart people fleeing Nazi Germany.)
Basic science isn't so much a lottery ticket as a bond with unknown maturity measured in decades, a _very_ high rate of return, a high minimum investment, and dividend-like payouts created by adding skilled scientists, engineers, etc. to your tax base.
[1] https://marianamazzucato.com/books/the-entrepreneurial-state...
Not to mention that smart people generally prefer to live in places that value and protect science, so it's _also_ an indirect form of geopolitical talent recruitment. (See brain drain + brain gain impacts of science policy, for instance. There's a strong argument to be made that US mid-20th-century dominance in science and engineering was largely driven by a lot of very smart people fleeing Nazi Germany.)
Basic science isn't so much a lottery ticket as a bond with unknown maturity measured in decades, a _very_ high rate of return, a high minimum investment, and dividend-like payouts created by adding skilled scientists, engineers, etc. to your tax base.
[1] https://marianamazzucato.com/books/the-entrepreneurial-state...