I mean, it's very likely you're correct about the wealth redistribution aspect in many cases. But there is so much to learn about the universe and never taking risks will amount to nothing. It's not my place to impose risk on other people, and the collective nature of human society forces us to do this with the allocation of public funds, but I strongly support the LHC project in particular. I can't speak for every basic research grant because I have personally seen the system exploited, but I can't advocate ending all basic research because of those cases.