- Because investors typically only care only about return on investment - not everything that's beneficial to society has a monetary return, or an immediately apparent monetary return (e.g. NASA investments have given some of the best returns ever, over time, but they didn't have the goal or apparent method of making returns at the start).
- Intelligent people are typically less confident than idiots, because they are more likely to be aware of additional potential risks/failure points. Confidence in an idea/vision is not necessarily a good indicator of anything and you're more likely to support an idiot's idea if confidence is your deciding factor.
- In the case of a UBI, it's not like the money is going to disappear. It will go immediately into securing basic needs, which will cycle the money back through the economy immediately and more likely at a local level.