> What if we collectively had the will to invest this much into fusion?
We should invest much more heavily into fission, and keep deuterium/tritium fission investment at around the current levels.
Why? Because deuterium/tritium fission like the stellerators and tokomaks use produces a lot of (energetic) neutrons, along with heating the plasma. That is very bad for two reasons. First, essentially unrecoverable energy is wasted by the neutrons. Second, the neutron exposure causes the reactor to become radioactive. So, the promise of "clean" fusion energy with no radioactive waste is not realized.
Aneutronic fusion is possible, but requires higher energy and different fuel. This is not yet being widely researched, but some interesting work is being done at LPP Fusion: https://lppfusion.com/
That is an effort I'd like to see funded much more fully.
At any rate, next-generation fission reactors are just as safe as deuterium/tritium fusion, are well understood, and many designs produce less and shorter-lived waste than the dinosaur PWR designs. It is beyond silly to not fully leverage clean, cheap fuel with a million times the energy density of fossil fuel while we work out the kinks with fusion. There is a necessity for reliable grid power alongside unreliable "renewables", and fission is the only viable CO2 free approach for the foreseeable future.