Reducing poverty is a commendable goal, but I'll never understand why people care so much about the 1%. Is it just envy? Is the idea of cutting others down to size so appealing?
The critique of the 1% is more of a call for a system that is doing less exploiting of labor of the many for the benefit of a few, which has been leading to these huge social, economic, and political disparities.
Those in the 1% got rich via cutting millions of others down to size.
I've found that envy is like faith. If you haven't experienced it then you can't grasp why other people do.