For example, if you burn food while cooking and the smoke detector goes off and the fire dept sends a crew to this false fire alarm - does an ordinary citizen have to pay a penalty?
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It is the current best guess we have going. Yes it is full of inconsistencies and some holes, but so was Newton's theory of absolute space that Einstein expanded with space-time. While Einstein's work explained how gravity was actually distortions in space-time, it could NOT be reconciled with Quantum Mechanics. However, if you postulate a fifth dimension, you can now unify electromagnetism with the weak force, and we have Electroweak interactions. Keep going, with superstring theory, where everything is actually made up of 11 dimensional strings of vibrational energy, and you can account for all known forces. However, it too has flaws, and gravity should have spin 2 particles that no one has yet found. To me, it makes total sense that these things we call charge and mass are actually distortions into other dimensions just as we now visualize gravity as distortions on a flat rubber sheet where the gravitational well is obvious when particles come near the massive object, and their motion changes to deflect accordingly. The true test is whether this superstring theory predicts anything that can't be properly explained now, and is observable and measureable. Then do the experiment, and see how theory stacks up to reality.
