Privilege often comes with massive blinder. If you never felt systematically negatively treated because of race/gender/sexual orientation/class, you're probably having privilege on it. Active positive treatment is more complex, since it can have different sources. The spoiled upper class is different from a woman taking advantage of flirting and courting in a place were women are rare because of general hostility.
I'm not sure were your stand on this really are, because it often end up with the "right to be rude/a jerk/an asshole without anybody complaining" and "since I don't see a problem (and most of the time aren't expected to see the problem either, since you aren't expected to be affected), there is no problem so stop talking about it, because it causes the problem".
While you do have the extreme ones that demands more, it mostly boils down to "don't be rude", "think before you speak" and "not everyone has lived like you, so they might have different experiences and thus some words are more offensive to them than to you". And the cases were some minority group are going to claim that this neutral word is now offensive is quite rare. Half to fully insulting words are way, way more common.
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