Hedge funds are investments that are expensive, but also guaranteed to make you rich, if you are a hedge fund manager. Why do people continue pouring money into hedge funds?

New York City has 7,279 homes valued at more than $5 million, including a single Central Park West building where "206 high-value condos have a total market value of $3.1 billion." The homeless man who scammed his way into extended stays at two Manhattan luxury hotels should probably consider running for mayor.

The Wall Street Journal calculates that if Bill Ackman took the elevator up to his $90 million Manhattan penthouse apartment every day for a year he would travel 125 vertical miles—high enough to put him in outer space, which is not a bad idea.

Qualcomm, a public company, revealed this week that it gave $95 million in stock grants to two top executives last year just to prevent them from leaving—including $45 million to former CEO Paul Jacobs, "the son of co-founder and former chairman Irwin Jacobs." This is how the corporate meritocracy works.

A new report says that the U.S. metropolitan area with the single highest concentration of millionaires is: Los Alamos, New Mexico. Just as you would have guessed.

"[My husband] is trying to talk me out of buying a $37,000 coat. He thinks it is too extravagant. I really love it, and we can afford it. Is it really a bad idea?" "Don't think it's worth it... Looks like a 10k coat." Urban Baby dot com.

Speaking of Congress's inability to pass a law that would actually decrease economic inequality: just how rich are members of Congress, who formulate the laws in America's oligarchy? We're glad you asked.

Chris Van Hollen, a Democratic Congressman from Maryland, has proposed a bill that is exactly the sort of socialism that America needs in our current age of inequality. It has already been declared doomed!