> Not all types of fundamental research have the same potential for material benefits, or the same cost.

It is hard to gauge this is in advance though. If you were sure what you were gonna find, it wouldn't be much of a discovery. Historically it has sometimes been decades before manufacturing and practical applications caught up to frontier research. For an extreme example, mankind knew of electricity in some form for 2400 years before doing anything practical with it. If all the people who prodded at it instead thought "man I can't imagine what this could be useful for" and found something else to do with their time, we'd live in a very different world.

Our civilization can afford to aim higher than incremental improvements on pixel density for screens on which to spectate people kicking a ball around. Personally I find frontier discoveries to also have much greater entertainment value than sports events and will happily fund them with a tiny fraction of my tax dollars.

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