Disclaimer: I don't want anybody to read my comment with their emotions but with common sense, I was once very poor living without electricity and water

The main problem is if we all had our basic needs covered, there would be 50 billion people in the time frame of 30 years and 50 billion people on this planet is a path to extinction of human race. Poverty can be solved by 5 people from the top of the financial chain, but realistically it's not good long-term.