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>They even pay mad bucks on their royals for basically nothing. Royal family costs the UK £307m (highest number) with a revenue from them of £500m [1]. Seems
by poooogles 10y ago
>They even pay mad bucks on their royals for basically nothing.
Royal family costs the UK £307m (highest number) with a revenue from them of £500m [1]. Seems like good business to keep paying for them.
1. https://www.theatlantic.com/international/archive/2013/07/is-the-british-royal-family-worth-the-money/278052/ https://www.theatlantic.com/international/archive/2013/07/is...
- k__ 10y agoInteresting, didn't know that :)
- poooogles 10y agoLook into the Crown estate if you're interested, that's how they make a lot of their money, with any profits going back to the treasury AFAIK.
- daemin 10y agoI've heard two different versions of this. The first being that the Royal family actually makes the UK money because they cost less to maintain than what is made up for in brand image and tourism benefits. The second is that because they don't pay tax, it means their enterprises are not as efficient and the return on the crown lands is about half of what could be expected on a normal enterprise. The source for both these viewpoints are videos on YouTube. The first is from CGPGrey (I think), while the second is a reply to that video.
- Sholmesy 10y agoCGPGrey's vids are awesome. Unique perspective as an American living in the UK. I highly encourage anyone interested to go seek them out. Also, he mentions in his podcasts that he is a HN user.