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Eugenicist in a grand scale.
Not really, no. Eugenics is selective breeding, or selective culling, where humans selecting traits considered desirable or undesirable chose who breeds or dies. This would be more of a massive don't-give-a-fuckery, leaving it to a natural agent to decide who lives or who dies.
Or they might resign themselves to letting a lot of people die, especially the poor and the old, and definitely the old and poor, but keeping their economy going. Which one do you think Trump is going to go for? Dollars or lives?