What actually happens is, smart people are isolated from the problems of the general population and work towards meaningless goals at the cost of the everyday tax payer doing unglamorous work to earn a living. Decoupling science from the state will also reduce the meaningless competition of academia that leads to the publish-or-perish and replication crises, because the people who will be doing it, will do it for the love of the game, regardless of social status and money.

If you want to live in this world, you have to trade your time and provide value to others. You shouldn't get a free pass because, just because you convinced yourself and the government that you're smarter than everyone else.