Argumentum ad crumenam

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

This fallacy is notably prevalent in art, movie, video game, or music criticism in the form "you can try to criticize product x, but it makes millions, so it must have some merit."

This fallacy is also applied in the business world, especially in securities trading.

The opposite is the argumentum ad lazarum.

If you’re so smart, why aren’t you rich?
I think Mary is a good role model. She’s pretty rich, so she must be doing something right.
This new law is a good idea. Most of the people against it are riff-raff who make less than $20,000 a year.
Bill Gates is the richest man in the world. Therefore, he must be the smartest man in the world.

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Fallacies of relevance
General Absurdity • Accident • Ad nauseam • Argument from ignorance • Argument from silence • Argumentum ad populum • Base rate fallacy • Compound question • Fallacy of many questions • False compromise • Middle ground • Naturalistic fallacy • Proof by assertion • Irrelevant conclusion • Special pleading • Straw man • Style over substance fallacy • Two wrongs make a right
Appeals to emotion Fear • Flattery • Nature • Novelty • Pity • Ridicule • Repugnance • Spite
Genetic fallacies Ad hominem (Ad hominem tu quoque) • Appeal to authority • Appeal to motive • Appeal to tradition • Appeal to wealth • Appeal to poverty • Association fallacy • Bulverism • Chronological snobbery • Ipsedixitism • Poisoning the well • Appeal to Etymology • Reductio ad Hitlerum
Appeals to consequences Appeal to force • Wishful thinking
Retrieved from "http://en.wikipedia.org/wiki/Argumentum_ad_crumenam"
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