free ride
“In his new book, “The Great Divide,” Joseph Stiglitz, the Nobel Prize-winning economist, includes two chapters whose titles sum it up: “Inequality Is Not Inevitable” and “Inequality Is a Choice.”
“I overheard one billionaire — who had gotten his start in life by inheriting a fortune — discuss with another the problem of lazy Americans who were trying to free ride on the rest,” Stiglitz writes. “Soon thereafter, they seamlessly transitioned into a discussion of tax shelters.””
what does the "free ride" refer to ?
‘Inequality Is a Choice’
http://www.nytimes.com/2015/05/03/opinion/sunday/nicholas-kristof-inequality-is-a-choice.html
via Instapaper
Free rider is an economic term which means that a person does not pay their way - they consume goods or services without paying, leaving others to bear the cost.
May 5, 2015
0
0
Still haven’t found your answers?
Write down your questions and let the native speakers help you!