"chases after worthless projects." The person who is busy doing things that do not produce anything is spoken of as chasing after useless things. (See: [[rc://en/ta/man/jit/figs-idiom]])
The person following worthless pursuits is spoken of as getting the opposite of plenty of food. The abstract noun "poverty" can be translated as an adjective. Alternate translation: "will be very poor" (See: [[rc://en/ta/man/jit/figs-irony]] and [[rc://en/ta/man/jit/figs-abstractnouns]])