Again, where people choose to settle is their own business. If people want to settle on Mars, then that's their own decision, and they won't be vetoed by skeptics. By your reasoning, why allow any life, liberty, or pursuit of happiness, when all activities could be prioritized based on known needs and wants of the poor and needy? We could also argue that some types of scientific or academic funding is actually better reallocated towards projects that will more immediately help the poor. I see scientists at CERN arguing that funding a large particle accelerator could help mankind, by citing the role of past projects in possibly helping the evolution of the internet. A bit of a stretch, wouldn't you say? Everybody who wants funding will make that kind of argument, of course.
Sometimes that which is currently seen to be impractical in certain corners actually ends up providing more longterm benefits than originally thought.