It seems we are very worried that aboriginals in remote communities will do stupid things with their welfare cheque. Without income management they might fritter it all away on booze, smokes and gambling.
But what about the people who do really stupid things with their money? Should we have income management for the super-rich? It seems to me that if someone is willing to piss away $160 million on a painting they should be judged not competent and have the government control their spending. We could stop people buying polluting private jets, caviar from critically endangered sturgeon and all those ivory back scratchers.