In the case of SSI, as of its last adjustment in 1989, enrollees cannot have savings of more than $2,000 as an individual or $3,000 as a family. Furthermore, SSI beneficiaries are prohibited from having retirement accounts, life insurance policies, certain types of personal property, funeral/burial policies, and access to other types of income.
If we allow people to have assets, we reduce the need for social work and administrative costs of govt programs. Strict cutoffs are a detriment to productivity and encourage people to become bums.
Instead of disqualifying people who have assets, have a surcharge tax for electing to remain on assistance to have a self-funding mechanism. A person should have to pay a % of income to receive assistance
So if someone has $100,000 and gets $24,000 in SSI because they earned a lot of $$$ before becoming disabled, they should have to pay 30% of the $24,000 and 30% of the income they earn on the $100,000.
So if the person has a $28,000 income, they should have to pay $700/month towards housing