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666Maggotz It is not only the "super rich" who give their children silly names. Whilst so-called "celebrities", or fiction-writers, who start such crazes, those who pick up on it because it makes them feeling somehow connected to the "celebrities", are showing only their own shallowness.
for example, Blaze and Sky are the offspring of a former work-mate of mine, and though well-paid, he and his wife were hardly celebrities or international money-traders. Or town names, as I overheard some young Mum in a supermarket addressing her little darlings.
The children have no choice. They have either to like or lump this parental ego-trip, though once adults can have them changed.
Whether some children do suffer from bullying or mental problems as a result, you and I may not know but we must recognise the hazard; though as you say bullies and mental problems also afflict children with real names.
Even some of those can be difficult. I disliked mine and hated having to quote it even though it is a real name, until my late-teens or early-twenties, as it felt soppy and indeed is sometimes used by comedians and soap-opera writers to denote soppy characters.
Nevertheless, why do parents even do it in the first place? They must know it is not for their children's sake and names can carry at least some risk of bad results.
It is not "just a name".
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I mentioned previously it would not happen in France. I don't support their law, but it states that you may give your children only names from an approved list of genuine, long-established, French personal names. I am not sure how they cope with immigrant families having different-language names - presumably by extending the approvals to cover those languages.