Why this is a good example is because of the outlandish stereotype it projects on a certain group. The tell that lets you know that it is a fallacy is the "all the spoiled rich kids" segment. Why? Because every person is different and most of the time when someone speaks about a group of people with negative identifiers they are not going to hold true for everyone in the group therefore making it a fallacy.
Personally, I think this fallacy is useful when getting people on board with your initiatives. Although it would normally be perceived as a bad thing that most likely has negative intentions, it still can be used for a good thing. For example: "We can't let all the lazy people keep us from achieving our goals!"
This is spiteful towards lazy people, which is adequately vague, as well as motivating to anyone who wants to be productive.
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