That's open to debate. If one were to be completely honest, then one must concede that quite often the demand for a degree is a way of artificially limiting consideration, and does not actually correlate to those capable of doing a given job. One can reasonably consider that fraudulent as well. I think that lying on ones resume speaks quite ill of the person, and those who do should really compensate theier employer if it turns out that they are not capable of doing the job (yeah, that'll happen) - but on the other side of it, if they are capable, without the certificate, then what does "deserve" mean?
Yeah, and there are lots of ways a person gets a chance to prove they are truely capable. I simply would not recommend the phony degree approach. The flip side of the "deserve" arguement puts really inferior people in jobs where some HR flunky with a quota to fill decides some afirmative action candidate is "qualified". As though "qualified" means something like "the best candidate".