Appeal to wealth
Also called: If you're so smart, why aren't you rich?
Treating wealth or success as proof that someone is right, or poverty as proof they are wrong.
How to spot it
Is the person's bank balance used in place of an answer?
Example
“He owns three boats, so his investing advice must be right.”
How to answer it
Success can come from luck or other skills. Ask for the reasoning and the record.
Related
- Appeal to authority: Treating someone's title or fame as proof, instead of looking at their reasons.
- Survivorship bias: Judging by the examples that survived and forgetting those that didn't.