[wait-a-minute]

Then why has poverty been going down drastically, even faster than anyone would've expected?

https://ourworldindata.org/extreme-poverty

"In 1990, there were 1.9 billion people living in extreme poverty. With a reduction to 735 million in 2015, this means that on average, every day in the 25 years between 1990 and 2015, 128,00 fewer people were living in extreme poverty.17

On every day in the last 25 years there could have been a newspaper headline reading, “The number of people in extreme poverty fell by 128,000 since yesterday”. Unfortunately, the slow developments that entirely transform our world never make the news, and this is the very reason why we are working on this online publication.

Recently this decline got even faster and in the 7 years from 2008 to 2015 the headline could have been “Number of people in extreme poverty fell by 192,000 since yesterday”. In the recent past we saw the fastest reduction of the number of people in extreme poverty ever."

[gervu]

The fact that some things are getting better doesn't change that others are simultaneously bad, or that things could maybe be more better if resource allocation wasn't so drastically unbalanced.

I seem to have severely underestimated the ability of HN readers to see basic economic data that's both well known and easy to look up like the rate at which the wealth of different demographics is changing as uncontroversial, which is...well, it's a thing.

[wait-a-minute]

The argument you made is that "it's hard to solve poverty due to wealth hoarding" and the response I provided is to show you that clearly that is not the case, given the rate at which poverty is being solved across the entire planet.

So either you've overstated the difficulty of solving poverty or overestimated the amount of hoarding or overestimated the impact of hoarding on the rate of solving poverty. Perhaps the amount of wealth someone has isn't entirely relevant to the amount of poverty, since wealth is not a zero-sum game.

Resource allocation being equal is not a prerequisite for eliminating poverty. Kings used to have all the wealth but the poorest American today still has a much better standard of living than the wealthiest kings from just a 200 years ago.