You may have picked up on my hostility to Britain's Royal Family in past posts I've written.
In these I've described them as in-bred, over-privileged and anachronistic rich people.
There are lots of other over-privileged rich people in the world - think Kardashians, Trumps, Musks and others but this 'royal' lot take the cake (as over-privileged royalty do according to the vox populi) since, because they are so 'special' normal rules don't apply to them such as sleeping with underage girls (Andrew), being sympathetic to Nazis (King Edward VIII), being a racist, a homophobe and a misogynist (Philip) and not paying taxes) all of them).
See this:
Today, the Duchy of Cornwall owns the landmark cricket ground known as The Oval, lush farmland in the south of England, seaside vacation rentals, office space in London and a suburban supermarket depot. (A duchy is a territory traditionally governed by a duke or duchess.) The 130,000-acre real estate portfolio is nearly the size of Chicago and generates millions of dollars a year in rental income.
The conglomerate's holdings are valued at roughly US$1.4 billion ($2.3 billion) compared with around US$949 million ($1.5 billion) in the late queen's private portfolio. These two estates represent a small fraction of the royal family's estimated US$28 billion ($46.6 billion) fortune. On top of that, the family has personal wealth that remains a closely guarded secret.
As king, Charles will take over his mother's portfolio and inherit a share of this untold personal fortune. While British citizens normally pay around 40 per cent inheritance tax, Charles gets this tax-free. And he will pass control of his duchy to his elder son, William, to develop further without having to pay corporate taxes.
I think this stinks but then I'm anti-royal and an atheist to boot.
I understand the Monarchy's involvement in British and Commonwealth parliaments including our own and that a lot of legislation will be required for a change (Constitutional Law was one of the subjects I studied at university) but .... a change is going to (gonna ) come.
1 comment:
E` vero.
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