As if the iPhone didn’t already have that untoward sheen of luxury about it, a developer is now selling an application you can buy for your phone (through the Apple Apps store) called I Am Rich. The name is basically the functionality: It costs $1000 to download, and does absolutely nothing. Owning it is a badge, much like owning a BMW, that says, “Hey, I’ve got money to burn.” Only unlike a BMW, I Am Rich is totally useless, so it’s more like a badge that says, “Hey, I’ve got money to burn and I’m a total idiot. Please feel free to hate me.”

Update: It’s been taken down. Not clear if Apple yanked it or the developer, suspiciously named Armin Heinrich, took it down of his own accord.

Via Wired