You're willing to bet your own employment on that? We'd all love to live in a world of butterflies and sugar plums, but risking your own for that is silly don't you think?
Off topic, but I find it amusing that we all do in fact live in a world with both butterflies and sugar plums. They are both very cheap and plentiful as well.
Absolutely I would. Employees create the culture too. If you cant push back against stupid policies then it is probably good to be pushed out and move on. Plus any environment that has a policy like that is probably a very sterile workplace.