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The British monarchs seem to be doing alright, massive estates and no inheritance taxes.
by yywwbbn 4y ago
The British monarchs seem to be doing alright, massive estates and no inheritance taxes.
- robocat 4y agoThe monarchs also bring in huge tourist income - apparently enough to easily cover their taxation costs. Not sure about the land ownership though... https://news.ycombinator.com/item?id=32819367 https://news.ycombinator.com/item?id=32819367
- MagnumOpus 4y agoNo they don't. France - right next door - has killed of their monarchs, and now their royal palaces get way more visitors and bring way more revenue than those of the UK. The "tourist income" lie is - surprise surprise - seeded by a PR agency paid by the royals in order to quell republican sentiment. (And breathlessly picked up and spread by ill-informed youtubers like CGP Grey.)