For your digestion, or indigestion, another chapter in the astonishing chutzpah and greed of the ultra-wealthy. When the rich don’t have enough room or covet something else, they just buy another property for a nice cool $60 million — and, then, they whine about taxes being too high.

Today’s pathetic person is Steven A. Cohen. You may have read about Mr. Cohen recently — paid a cool $616 million to avoid securities charges being filed against his hedge fund activity. So, how does someone like Cohen celebrate paying off the government to stay out of jail? He buys a new big house, and a Picasso for dessert:

Mr. Cohen reached a deal last week to pay $60 million for an oceanfront property on Further Lane in East Hampton, on Long Island, according to a person with direct knowledge of the sale. The home, which was listed for sale late last week, is down the road from one he already owns. At the same time, he has put on the market his duplex apartment in the Bloomberg Tower on the East Side of Manhattan, this person said. His asking price: $115 million.

News of Mr. Cohen’s real estate activity surfaced a day after reports that he purchased Picasso’s “Le Rêve” for $155 million from the casino owner Stephen A. Wynn. The acquisition is one of the priciest private art deals ever completed. He has quietly offered other works from his vast collection up for sale, according to several dealers.

Mr. Cohen’s conspicuous consumption comes amid continuing scrutiny of his business practices. SAC is at the center of the government’s broad investigation into insider trading at hedge funds. Earlier this month, Mr. Cohen, 56, signed off on two settlements in which the fund agreed to pay federal securities regulators $616 million to resolve accusations of illegal conduct at SAC.

Because having one property in the Hamptons on the same road just isn’t enough. I feel his pain.