Poverty isnt a tax issue its a probable with resources not being allocated correctly and corruption government spending. If it got to the point where billionaires are taxed a majority of their income the money still would not be allocated correctly.
This is actually a great way to describe this. It wouldn’t be bad for there to be trillionaires as long as there weren’t people starving or dying just because they don’t have enough money
Government transfers aren’t counted in official poverty statistics. We could perfectly redistribute everyone’s income every year and according to the statistics poverty wouldn’t change.