It seems that as long as they exist means-tested social service programs should have maximum asset restrictions as well as maximum income restrictions.
(For my own part, if we as a society really want the state to provide income support, we should take Milton Friedman’s advice, shut down all “poverty programs” with their bureaucratic overhead and perverse incentivization of poverty, and pay everyone a stipend, which is then taxable income, and tweak the tax code so everyone is back on the tax rolls. I’d pick the stipend level so that if everyone over 16 years of age in a household held down a half-time minimum wage job the household would just barely top the poverty line.)
The government should not be paying everyone a stipend, that is a statist, leftist wet dream.
Imagine Democrats every elections promising to raise the stipend as opposed to the greedy, evil Republicans.
When everyone gets a check from the government, liberty is DEAD