Earlier quoted context omitted.
You could pay researchers with money from taxes, then you will get more research into important problems and less into rich people concerns like baldness and beauty creams. Mathematicians,physicists also do a lot of research and they do not ask you to pay them to use their findings.
You seem to confuse between basic science and applied science. What you are saying is government should direct resources to every research. Basically saying that planned economy is better off than market economy. I wouldn't say market economy is a complete solution but time and again it has been proven to work better than planned economy. And also, why do you look down on applications? They are what actually make peo…
Say you find a cure for X, how will you price it as a company? You put some variables into an equation and attempt to get the maximum profit not the maximum health for the society. This could mean letting poor people to die or suffer without a cure.