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Considering all of the British heirs and monarchs have steadily sold off palaces and jewelry to pay for that tax + upkeep - no I don't think they have figured it all out. Though QEII did get in trouble for those secret offshort bank accounts last year, so there's that. Hampton Court Palace and Osbourne House say hello.
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The British tax system is designed to break the aristocracy, to stop generational wealth transfer. And it works. |
Really? We should adapt the American tax system so it’s more like that. |
Lol. It doesn’t break the aristocracy. Between the Americans and the British, guess which ones still have royalty. (I’ll give you a hint if you need it.) |
Um, yes. It did. That's why all those big old houses are now museums or whatever. Because their families cannot afford them anymore. |
That's horrible. The royal family should be exempt from all that. How can they keep their jewels and palaces if they're made to pay taxes like regular people?? Isn't the whole point of royalty to put on a show? How can you do that without jewels and palaces and so forth?
I bet the Queen and her direct line is exempt. How could they not be? The whole point is that they're superior and above regular people. |
Isn't this what most people do? When their parents pass the kids inherit the house and they usually sell it to split the proceeds. It's not always due to the taxes its just practical rather than trying to figure out how to split a house or decide who has to maintain it. |
Yeah but the royal family actually NEEDS all that stuff to be royal. Without it they're just regular people... |
What are you talking about? The further you get from the top the less it matters. |