"Now suppose there were a hypothetical language with a stronger guarantee: if two programs are equal then they generate identical executables. Such a language would be immune to abstraction: no matter how many layers of indirection you might add the binary size and runtime performance would be unaffected."
http://www.haskellforall.com/2014/09/morte-intermediate-lang...
A more practical reason to care is that if a user-generated expression is proven to be pure and to terminate, then we can evaluate it without fear of getting hacked, denial of service, etc. Imagine a new type of iphone, IDE or web browser where a shitty app/plugin can't lag up your experience.