Because it drives innovation, why would i bother creating anything that moves society fwd when i get the same reward as a joe schmo working under me?
This is why socialism failed. Even so called “socialist” countries such as China and Cuba today aren’t really… they are just authoritarian states that are pretty much capitalist or transitioning to capitalism (Cuba recently recognized the right to private property in 2019 I believe).
Poverty is systemic. The only way to stop it is to have an economic system that doesn’t allow it to happen in the first place. There’s only so much a rich person can do by donating
Depends how it’s defined. Relative poverty by its nature cannot be eliminated unless you force significant wealth redistribution (gl with that lol, I’d say even the most fervent NDPs wouldn’t take it as far as necesssary to eliminate it). Absolute poverty on the other hand can, but that is so far below what poverty is in the west its not even funny.