Can you imagine working on a complicated Excel document when you run into a 2038 bug and you lose all your work instead of just having one of your future dates calculated as being in the 1970s?
Or flying a plane and the system has to reboot midair instead of saying you're at -32768 feet of altitude?
Or there are now 2.15 billion virus definitions, so your entire security suite just stops running?
Or your Tesla stops keeping you in your lane without warning because your odometer turned over?
Most things are not Therac-25. Much more software is protecting us and our data than is exposing us to danger. Loss of data, loss of navigation, loss of safety systems or life support... simply unacceptable. Turn on -ftrapv when testing and especially when fuzzing, sure, but production code should almost always be built with -fwrapv.