The oligarchs want us in perpetual debt so that they can live off our rent and interest payments forever without doing a lick of work.
Their puppets in Congress have been very successful at achieving this.
Poverty is essential to maintain a vast pool of cheap, desperate labor. Cheap labor is the life blood of Capitalism. You can't "eradicate" one without doing away with the other. This is why the capitalist Democrats couldn't bring themselves to pass a $15/hour wage.
Well Washington State is already looking to that,
king5.com/article/news/polit…
Apparently the MAGAots and the Center-Right Neocons/Liberals are afraid of this, and do hope it passes in my home state, this would Tax the Low & Middle Class much less than the top 25% of Incomes.
The goal was always to establish slavery, maintain a gap between rulers (rich class) and slaves (other class). Poverty is one of the tool to establish system that administer rulership. Goal never was and nevel will be to eradicate poverty.