The US government has very low spending (it just appears high due to the military budget) and correspondingly many people in the US have very poor human condition. It's abundantly clear that government spending is a necessity to combat inequality. When the functions of government are privatised, the poor will lose access to these amenities, and the rich will begin to profit from them. The result is a system more unequal in both wealth and allocation. Likewise the destruction of regulations serves mainly to increase the ability for corporations to exploit individuals. These are all clear negative effects, and I have yet to see a positive case for this action. What benefits might there be to decimating the government? The only suggestion I've heard is that the private sector will magically do the government's job better than it can, which is absurd because they could already attempt this and have decided it isn't possible.