Poverty is a result of capitalistic society.
There are many reasons for poverty, here is a list I've grabbed from Wikipedia. Of course, there could be more.
War
Disease
Declining union influence
Economic structures
Lack of education
Parents leaving the family
Divorce
Teenage pregnancy
Domestic abuse
Employment abuse
Immigrant status
Minority status
Physical and mental illness and disability
Loss of job
Low wage rates
High medical bills
Fraud
Oppression
Theft
Disasters
Fires
Flood
Poverty Imperative
Lack of or inability to afford adequate health insurance
Lack of awareness of government policy
Industrial change
Apathy
Greed
Overpopulation
Inequality
Dictatorships
Racism
Globalization
Social Factors
High taxation
High growth rate of population
Lack of job opportunities in secondary sector
Lack of land resources
Lack of industrialization
Over dependence on agriculture
Inflationary pressure
Unemployment
Drug abuse
Income inequalities
Accidents
Stolen money
Natural disasters
Vulnerability
Government
All of the listed reasons can be eliminated if we live in a well plan society. And remove individual liberty.