Do I think it will reduce poverty? I don't think so because the issue is more a problem of the existing economy. If the wages can't keep up with the prices then obviously there are some things going wrong.
It will however help some of those on the edge. Another issue I see is that it might not be targeted enough because we don't know who needs the money. Will this money be used for essentials like housing, food or etc? I would hope so but I don't think there is anything stopping people from using it for other things. I do think its dumb to refuse the free money though as I would use it to invest in the future if you don't need it right now.
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