I don't. But I think using the euphemism 'gay' is a choice, and a poor one. They are not 'gay'. They are homosexual.
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Perhaps "gay" became a self-identifier to counter-balance others who used pejorative labels as discriminatory put-downs. Maybe it was part of Polari - the code language of British Homosexuals used to avoid discrimination and imprisonment (Homosexuality was deemed unlawful in the British Empire)
Maybe "gay" was used by others pejoratively and then claimed by the LGBTQIA community in the same way the "N" word was reappropriated (to an extent) by African Americans?
One third of NZers have had mental distress. The gay rate is twice that. The youth rate and Maori rate are higher than average too.
https://www.cph.co.nz/your-health/mental-illness/
I don't think it is. 'Straight' people don't seem to recoil from being called heterosexual or hetrosexual. 'Straight' is another term but not a euphemism. 'Gay' is definitely a euphemism. I think you will find most homosexual or lesbian people are quite open to being called 'homosexual or lesbian'. They don't find it offensive. But then along came the politically correct do-gooders who have decided their description should be changed to 'gay'. That is offensive. Like the blind who some years ago were pleading to be called 'blind' but couldn't defeat the PC lunatics who insisted they be called 'visually impaired'.