Nope. It is only fueling the fire to do so.
The ironic thing is that there's a disproportionate number of homeless/panhandlers in the most costly beach areas i.e. SaMo, Malibu etc. I have never seen one in my neighborhood which is a few miles over the hills from the Malibu coast. Due to favorable weather conditions AND favorable cup-filling conditions, they seem to like the PCH/Lincoln corridor.
Also I like to look at their shoes. It is surprising how many panhandlers you'll see wearing $120 Nike's