Cloth masks do little to protect you on the way in but do catch quite a lot on the way out even with side leaks. The intuition there is the tiny wet globs of fluid flying out of your mouth from breathing etc are pretty heavy and catch on the mask easily when fresh. That helps a lot. If not caught they dry out, becoming lighter and smaller, and then float in the air at infectious levels for up to a few hours. At a system level getting almost everyone wearing at least cloth masks helps slow spread down a lot.
Once you're dealing with exposure to an environment filled with the fine airborne particles you need a well-fitted N95 or better to protect yourself. Although the virus itself is tiny it's traveling in particles closer to 1 micron which N95 type filters work great for. You can still be infected through your eyes but as far as I know that's very rare in normal non-hospital settings.
So that's self-protection, but why bother? It's true that at this point most people will be exposed eventually and with three shots of the mRNA vaccines people are unlikely to end up in the hospital. Several reasons. First, slowing rate of transmission will reduce overloading the hospital system. That saves a lot of collateral damage to people with otherwise treatable problems when they get turned away due to the crowds. Second, if you are unlucky enough to get sick enough to need a hospital bed you want that to happen when there is plenty of capacity, availability of drugs, etc. Third, the treatment regimens keep improving as the medical world learns better treatments and better drugs become available. Fourth, how sick you get appears to vary with how much virus you are exposed to. So even if your PPE is not perfect you can reduce your odds of serious effects when infected. Around half of people infected experience long-term lingering symptoms and there's evidence even in kids that number is not negligible.
It's pretty clear masks are effective both at an individual protection level and as a public health measure, I'm not sure how they got turned into such a political hot topic.