Argumentum ad crumenam

An argumentum ad crumenam argument, also known as an argument to the purse, is the formal fallacy of concluding that a statement is correct because the speaker is rich (or that a statement is incorrect because the speaker is poor).

The opposite is the argumentum ad lazarum.

Usage

If you’re so smart, why aren’t you rich?

This new law is a good idea. Most of the people against it are riff-raff who make less than $20,000 a year.

Warren Buffett is hosting a seminar. This seminar is better than others, because Warren Buffett is richer than most people.

External links

• Georgia State University – Fallacies
• Philosophical Society - logical fallacies