Poverty is a state of mind. Failure to figure out what prosperity is and failure to implement it. Generally caused, at least in part, by short term thinking.
But Denver is gonna try to fix that by giving money to poor people to see what happens. Kinda-Sorta a limited Universal Basic Income.
This will fail for the same reason that Free Schools failed, that Welfare failed, that Free Healthcare failed…..That all government programs to help the poor and poverty stricken failed….. People who are poor (generally, there are exceptions) are poor because of their mindset. Because of the culture they were raised in….because they cannot succeed with the morals and values that they were taught…..Because their parents never taught them how to get ahead…..Never how to plan for the future.
Is poverty a self perpetuating cycle? Mostly, yes. And I expect that the Denver experiment will fail.