You're not wrong, but their idiotic ideas having catastrophic effects hasn't stopped them doing anything yet. Probably because none of them have a clue what they're doing.
The billionaire class are bilking the country for every cent its worth, and when everything finally crumbles they will move to the next country with a stable middle class and start the process all over again.
They do not care about these consequences because they have enough resources at their disposal to protect themselves while everyone else suffers.
This was once convenient propaganda for those who wanted lower taxes and less regulation of their businesses. Now the propaganda has been repeated for so long that many have forgotten it was propaganda, and believe that it is actually true.
As I grow older, it gets easier for me to accept that most often the world is not a vast organized conspiracy, it's just really stupid. Though in current times, it does appear to be both of those things at once.
Just look at the wild abandon with which DOGE has gone about its cuts. They literally fired the experts who inspect our nuclear arsenal, then had to scramble to hire them back because you know.. it’s literally nuclear bombs we’re talking about.
Yeah, they have done things we would both deem as "dumb" but their internal motive is what decides whether or not they have a clue. Furthering our motives has nothing to do with that.