An ''argumentum ad crumenam''

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 dialectic ...

, also known as an argument to the purse, is the

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''. Falla ...

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 ''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 ...

''. 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 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 w ...

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