There are many people–social scientists and economists among them–who would suggest to you exactly that. The U.S. has spent (i.e. transferred) trillions fighting poverty. The result? Not much.
The good stuff that has happened to poor people since 1945 mostly comes about through private innovation.
The thought that reducing safety nets could result in better outcomes for both their intended beneficiaries and those who fund the government is scary, perhaps. But not at all beyond the realm of civil discussion.