I forgot to mention something important (facepalm)
If you chose option 1, you can't have a job. If you get a job (even if it's a menial one), then you don't qualify for the $200K a year anymore. Much like how if you chose option 2, you don't get you're $500K a year salary if you quit your job for something else. Not having a job is basically your job in option 1. Volunteering is ok though.
I'm glad that rule is in effect, wouldn't want to actually do something stupid like get a job when I'm getting 200k a year for doing nothing. I could tear up my resume, delete it from my computer, never worry about something evil like 'work' again.
Only greedy millionaires (like Mitt Romney, who never would have had to work a day in his life but instead chose to work hard to destroy jobs and chop up companies for his own profit) would choose to work. And only greedy people with boring lives would choose option 2.
I'm guessing you haven't read this thread or bothered to look at the poll results? People have given several reasons in this thread why that is not the case.