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>The Crown Estate is not the personal property of the monarch, it's essentially just government assets. Who is the Crown Estate going to pay taxes to, itself?
by drstewart 5y ago
>The Crown Estate is not the personal property of the monarch, it's essentially just government assets. Who is the Crown Estate going to pay taxes to, itself?
Pretty ingenious way to allow "families to pass wealth from generation to generation, indefinitely, without estate taxes at each death". The UK should do something about that. I hear significant estate taxes are important to a democracy to prevent the rise of a noble class.
- wongarsu 5y agoGood thing then that the UK is a parliamentary monarchy. Having a noble class is kind of built into that system.
- drstewart 5y agoWeird. I was told that even Britain, whose system of inherited wealth and power America's founders were desperate to avoid emulating, now has a significant estate tax
- d4rti 5y agoThe Crown Estate does not do this. It is not familial wealth. It arose as a settlement absolving the monarch from personal responsibility for the nation’s finances.