Appeal To Wealth
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Appeal To Wealth
An ''argumentum ad crumenam'' logical argument, argument, also known as an argument to the purse, is the informal 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''. Examples: *"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." References

Genetic fallacies Latin philosophical phrases Latin logical phrases Wealth {{logic-stub ...
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Logical Argument
An argument is a statement or group of statements called premises intended to determine the degree of truth or acceptability of another statement called conclusion. Arguments can be studied from three main perspectives: the logical, the dialectical and the rhetorical perspective. In logic, an argument is usually expressed not in natural language but in a symbolic formal language, and it can be defined as any group of propositions of which one is claimed to follow from the others through deductively valid inferences that preserve truth from the premises to the conclusion. This logical perspective on argument is relevant for scientific fields such as mathematics and computer science. Logic is the study of the forms of reasoning in arguments and the development of standards and criteria to evaluate arguments. Deductive arguments can be valid, and the valid ones can be sound: in a valid argument, premisses necessitate the conclusion, even if one or more of the premises is false ...
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Informal Fallacy
Informal fallacies are a type of incorrect argument in natural language. The source of the error is not just due to the ''form'' of the argument, as is the case for formal fallacies, but can also be due to their ''content'' and ''context''. Fallacies, despite being incorrect, usually ''appear'' to be correct and thereby can seduce people into accepting and using them. These misleading appearances are often connected to various aspects of natural language, such as ambiguous or vague expressions, or the assumption of implicit premises instead of making them explicit. Traditionally, a great number of informal fallacies have been identified, including the fallacy of equivocation, the fallacy of amphiboly, the fallacies of composition and division, the false dilemma, the fallacy of begging the question, the ad hominem fallacy and the appeal to ignorance. There is no general agreement as to how the various fallacies are to be grouped into categories. One approach sometimes found in ...
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Argumentum Ad Lazarum
''Argumentum ad lazarum'' or appeal to poverty is the informal fallacy of thinking a conclusion is correct solely because the speaker is poor, or it is incorrect because the speaker is rich. It is named after Lazarus, a beggar in a New Testament parable who receives his reward in the afterlife. This is popularly summarized as the statement, "Poor, but honest." The opposite is the ''argumentum ad crumenam An ''argumentum ad crumenam'' argument, also known as an argument to the purse, is the informal 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 opp ...''. Some experimental evidence supports the appeal to poverty. A 2017 study by Igor Grossmann and Justin Brienza at the University of Waterloo in Canada found that when "wisdom" is defined as the ability to consider opposing perspectives and find a compromise that defuses an interpersonal dispute, poor and working-class people are ...
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Warren Buffett
Warren Edward Buffett ( ; born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the most successful investors in the world and has a net worth of over $100 billion as of November 2022, making him the world's sixth-wealthiest person. Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus his economics background and soon after began various business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his firm eventually acqui ...
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Genetic Fallacies
The genetic fallacy (also known as the fallacy of origins or fallacy of virtue) is a fallacy of irrelevance in which arguments or information are dismissed or validated based solely on their source of origin rather than their content. In other words, a claim is ignored or given credibility based on its source rather than the claim itself. The fallacy therefore fails to assess the claim on its merit. The first criterion of a good argument is that the premises must have bearing on the truth or falsity of the claim in question. Genetic accounts of an issue may be true, and they may help illuminate the reasons why the issue has assumed its present form, but they are not conclusive in determining its merits. In ''The Oxford Companion to Philosophy'' (1995) it is asserted that the term originated in Morris Raphael Cohen and Ernest Nagel's book ''Logic and Scientific Method'' (1934). However, in a book review published in ''The Nation'' in 1926, Mortimer J. Adler complained that ''The St ...
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Latin Philosophical Phrases
Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) around present-day Rome, but through the power of the Roman Republic it became the dominant language in the Italian region and subsequently throughout the Roman Empire. Even after the fall of Western Rome, Latin remained the common language of international communication, science, scholarship and academia in Europe until well into the 18th century, when other regional vernaculars (including its own descendants, the Romance languages) supplanted it in common academic and political usage, and it eventually became a dead language in the modern linguistic definition. Latin is a highly inflected language, with three distinct genders (masculine, feminine, and neuter), six or seven noun cases (nominative, accusative, genitive, dative, ablative, and vocative), five declensions, four verb conjuga ...
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Latin Logical Phrases
Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) around present-day Rome, but through the power of the Roman Republic it became the dominant language in the Italian region and subsequently throughout the Roman Empire. Even after the fall of Western Rome, Latin remained the common language of international communication, science, scholarship and academia in Europe until well into the 18th century, when other regional vernaculars (including its own descendants, the Romance languages) supplanted it in common academic and political usage, and it eventually became a dead language in the modern linguistic definition. Latin is a highly inflected language, with three distinct genders (masculine, feminine, and neuter), six or seven noun cases (nominative, accusative, genitive, dative, ablative, and vocative), five declensions, four verb conjuga ...
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