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Identify the type of fallacy in the following passage.
"Look at Bill Gates. He didn't go to college, and he's a millionaire. College is such a waste of time."
Living Standards
The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.
Tax Cuts
Reductions in the amount of tax that individuals or corporations must pay to the government.
Recessions
Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.
Tax Code
The laws and regulations governing the taxation process in a country.
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