Considering poverty a moral failing is itself the only moral failing here, because it allows one to justify absolving themselves from taking any responsibility to assist their fellow people to overcome their financial situation. If you can dismiss the poor as morally bankrupt, than you can easily convince yourself that any effort you make to help them or any taxes you contribute to their benefit would be wasted on them because they're either not good people, they are undeserving of prosperity or assistance, or they are incapable of handling it.
It also allows one to associate wealth with moral character and pat oneself on the back for being more moral than others by virtue of being wealthy, and therefore more qualified to pass judgment. Which comes in handy for the overwhelmingly wealthy members of Congress and the rest of the political class when they are deciding how our budget should be allocated, or the right-wing media when it's falsely pointing out all the immoral welfare queens scamming the system. And let's see how the morally superior among us like Donald Trump propose to distribute that budget:
But wait, there's more:
https://www.vox.com/policy-and-politics/2017/3/16/14943748/trump-budget-outline-moral
Ah, I guess newborns didn't make the morality cut. Shiftless losers, always lying on their back pissing and moaning and expecting others to clean up after their shit. And that'll show you, hungry elderly people. "Oh, I want to retire when I'm 70." No, you'll hobble your wrinkled ass back to the assembly line and work till you're dead if you want to eat, and you'll like it, because morals.
Are young children already moral failures because they didn't choose to be born into a well-to-do family? Because it's been shown that even a
marginal increase in financial assistance during early childhood can have significant and far-reaching effects on their earning potential as adults. Short term (and minimal) budget savings from cutting programs like Earned Income Tax Credits (EITC) and Temporary Assistance for Needy Families (TANF - what we generally call "welfare") can prevent a child from developing the skills they need to perform well in school and on testing, get into or excel at college, or get a steady, well-paying and benefited job later in life. I guess it's a shame they were born immoral and got what they deserved.
Poverty in early childhood may reduce earnings much later in life. For families with incomes below $25,000, children whose family received a $3,000 annual boost to family income when the children were under age 6 earned 17 percent more as adults, and worked 135 more hours per year after age 25, than otherwise-similar children whose families didn’t receive the income boost. The same effect was not found among families making over $25,000, for whom a $3,000 boost in income increased young children’s later earnings by only 2 percent.