If you discount education, healtcare, nukes, foreign policy, and national security, sure. Nothing is directly harming your day to day life except the looming recesion trump is accellerating. Even then, if you're rich enough that still won't impact you.

They are trying to shrink it with a sledgehammer. In my head the ends do not in fact justify the means. It's like solving famine by killing half the population. It would indeed work and give more resources to the remainder.