I think believing in this kind of determinism is harmful, mostly to the individual who holds the belief, but also at scale, when many fools hold this belief. It makes you ripe for exploitation and deceives you into being or staying a loser, "oh if only I had that arcane magic ability that he has...". Fortune, grit, and deception [1] make kings, not some kind of magic superhuman sixth sense.

[1] Deception also prevents the making of kings, as in the case of the man who believes magic is what he'll need to succeed, and it's this magic he doesn't have.