If I Were Rich...

Wouldn't it be great to be rich? You wouldn't need to worry about paying the bills or worry where your next meal was going to come from. You could afford your prescription drugs and any other medical treatment. I'm not talking millionaire rich, I am talking hundred millionaire rich. And in many ways money frees people from worry. It also frees them from the need of insurance, since whatever happens they will have enough money just to pay for it out of pocket. Now, it normally makes sense to buy insurance to protect what you have whether it be your home or your health, your life or long term care costs. But none of these are required to be purchased through third parties. Well Except for health insurance in 2014.

Now there has been a lot of discussion about the freedoms we are loosing as part of the health care bill but to me the best illustration of the treachery is the example that follows. There is a rich man who has well over 100 Million Dollars. He is 62 and the year is 2013, he has just learned that he has cancer. The man does not have insurance but since he is rich he can afford to pay for all the services and procedures he needs out of pocket. After a year of treatments he beats the cancer at a cost of 3 Million dollars. He saw the best doctors in the best hospitals. The year is now 2014 and he is required to buy health insurance even though his fortune has grown to 125 million. If he fails to buy something which in this case he doesn't need, since he can afford any medical cost, he can be fined by the IRS up to three percent. So three percent of the 25 million that he made in the past year is 750k. He refuses to pay it since he does not need the insurance so he is thrown in jail for not complying with the IRS law. This most certainly could happen if you had a ballsy rich guy. I wish I had the money because this is something I would personally like to do. Except for the cancer part. This example exposes the tyranny of this legislation for what it really is. Tyranny.