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> If this was a small debt problem, or about individuals I might feel different... The King of England v One of the richest men on the planet?
by dazc 4y ago
> If this was a small debt problem, or about individuals I might feel different...
The King of England v One of the richest men on the planet?
- deleted 4y ago[deleted]
- ggm 4y agoThat's "a plague on both their houses" but 75/25 split the crown estate profits go to general exchequer. Sure, French metric tonnes of money fund the royals lifestyles but the London property market is huge. Yuge.
- seanhunter 4y agoThe crown estate belongs to the reigning monarch but it isn't their private property[1]. Income from the crown estate gets remitted to the government in return for the sovereign grant. [1] https://www.theguardian.com/uk-news/2023/jan/19/cash-and-the-crown-estate-a-look-at-the-british-monarchys-funding-deal https://www.theguardian.com/uk-news/2023/jan/19/cash-and-the...
- deleted 4y ago[deleted]
- rsynnott 4y agoThe crown estate is de facto the state's property, and has been for centuries.
- Gordonjcp 4y agoNot the King (of the UK, rather than England, strictly speaking) but the UK state versus Elon Musk. "The Crown" is the state as represented by the reigning monarch. As such the Crown Estate is land that belongs to the UK as a group of countries, but ultimately represented by King Charles, for now. A few months ago, it was represented by Queen Elizabeth. In time, it will be represented by King Charles' successor. The King doesn't "own" the land any more than the US President "owns" Air Force One - it belongs to the country and it's just a "work truck" for him while he's in the job.