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Licentious
Negative Connotation
Licentious has a negative connotation, implying excessive freedom that is morally wrong or offensive. 
Historical Usage
Historically, 'licentious' was often used to describe rulers or the elite who misused their power for pleasure. 
Avoid Confusion
Don't confuse 'licentious' with 'licensed'; one implies moral disapproval, while the other means having permission. 