Today’s “Word of the Day” is “profligacy” and it is a noun meaning “the habit of spending extravagantly; the fact of wasting money in a careless way; wastefulness or reckless expenditure (of resources); extravagance”.
Example Sentence: The disenchantment with neoliberalism is the primary reason for the invigorated demand for the old pension scheme OPS. Government employees as a group with a voice and easy access to decision-making can coalesce (unite) to push for a rationalisation of political executives’ pensions and profligacy, which are a major burden on the exchequer. They can also exert influence to pursue progressive taxation of the top 10% (who own 72% of wealth) to address poverty and growing inequality.
This word is present in The old pension scheme as a burden on the poor and click here to read it.
Courtesy: The Hindu
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