Tuesday, August 20, 2013

"Persons Of Leisure"

This phrase used to refer to someone who had achieved unusual success and retired early, or more often, a trust-fund Boomer baby on the OTHER kind of welfare:
Living Off Others Thoughtlessly via their parents &/ grand parents' investments.
According to info from Cato Institute - more accurate now than during the original time of study - there's a shitload of "new kids on the block" to whom this term applies, who never saw a stock ticker.

http://www.cato.org/publications/white-paper/work-versus-welfare-trade

As long as it is more profitable to loot or mooch than work, unemployment will stay high & the economy stagnant.

1 comment:

texlahoma said...

Unbelievable!

DAD: "Hey son, I hear they're taking applications down at the store."

SON: "No thanks, can't afford it."
"I barley get enough money as it is!"