Probably not for men since we don't go that high of a heel. Most of men shoes still have a little bit of padding for height but they don't go more than 1 inch. After 1 inch, it's just making it obvious that you're compensating and that doesn't project confidence.
Women, probably yes, since well, it does what it's supposed to do.
Yes, even men's cowboy boots only have about a one inch heel. It is about projecting confidence, so true!