1) The Federal government has spent trillions of dollars in the last 50 years in the "war" on poverty. I'm curious as to why those millionaires think a few million dollars more will make a significant difference
2) Poverty is a relative term. People in "poverty" in the US have materially better lives than the average European, and would be legitimately considered "1 percenters" by the Third World. So "poverty" will never end - it will simply be redefined upward along with the average standard of living.