You know where this is going, don't you?
Yes, you do - because the nations with the lowest levels of poverty are the socialized first-world democracies...whereas the nations with the highest levels of poverty are those nations with small governments, low effective taxes, and weak regulation.
And as we can see by the nations of the world, what works best is that "Goldilocks level" of strong government, high effective taxation, and strong regulation, all balanced by free enterprise, and by providing as much assistance to small businesses to help them succeed as we can. How do we determine the balance? By keeping government OUT of places where the profit motive rules i.e. the free market, and also by keeping Big Business OUT of places where the profit motive does not belong (like schools, prisons, and other public services).
America once understood this...until some went on a "privatize everything" rant.