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They should be able to simply budget how much to spend based on the interest they are receiving. No spending of the invested capital (winnings) whatsoever. But, this is where the real core problem (lack of money management skills) shows up. I wonder how many could simply live off the...

You could simply invest the whole lot in an ING type account, pay yer tax and live off the interest from the interest quite easily. Pretty sad that these people end up losing it all.