Saturday, 28 May 2022

Do the royals really make us richer?


At times like this, the crawling sycophants always appear in droves to misleadingly insist that the royal family constitute a net benefit to the UK economy.

The absurd creeps making these claims are often so economically illiterate, that they've even been known to claim the entire £19 billion (declared) net worth of the royal family as an annual benefit to Britain!

Putting aside the ludicrous claims that the royal family contribute their entire net wealth to the UK economy every single year, the usual tactic of these subservient grovelers is to place the annual profit generated by the Royal Collection Trust, and the revenue of the Crown Estates in the positive column, without any effort whatever to properly explain what these things actually are, or to add any of the costs of the royal family into the negative column.

Tourism

The most common claim from these fawning royal boot-lickers is that the royal family generates huge amounts of cash in tourism, usually citing the annual profits from the Royal Collection Trust, which are mainly made through tickets to visit royal properties, and gift shop sales.

In 2019/20 they made £49.9 million in profit, but this figure has to be offset by the fact that most of these royal residences would be making far higher profits without a bunch of idle scroungers occupying the properties and dictating opening times.

The former royal palace of Versailles is one of the most profitable tourist attraction in France generating 65 million euros in ticket sales alone in 2019, yet the combined income of all of the royal properties in the UK combined amounted to only £71 million!

Versailles obviously wouldn't be generating anything like as much cash if it was barely open to the public because it was still being occupied by a bunch of inherited wealth squatters, would it?

Imagine how much Buckingham Palace or Windsor Castle would generate if they were fully open to the public most days of the year, rather than used almost exclusively for private purposes.

Imagine how much these properties might generate as ultra-luxurious hotels, where obscenely wealthy guests could pay tens of thousands to dress up in royal garb and pretend to be king or queen of England for the night.

In reality the £50 odd million royalists endlessly claim as a benefit to Britain actually represents a huge loss on what could be being made if the royal family was abolished and the properties were efficiently managed to actually maximise revenues.

The Crown Estates

The claims about tourism are misleading enough, but royal brown-nosers adding Crown Estates revenue into the positive column constitutes downright deception.

The Crown Estates include a 384,000 acre landholding, and the Duchy of Cornwall (another separate estate which has been run since 1377 for the benefit of the heir to the throne) which consists of another 133,000 acres.

Added together, over half a million acres makes the Crown Estates the third biggest land holding in the entire country, after the Ministry of Defence and the Forestry Commission, yet somehow it only brings in £269.3 million in net profit (2021).

If you were some kind of simpleton, you'd add this £250m+ into the positive column for the royal family, but this would simply illustrate that you don't know what the Crown Estates actually are, or how they operate.

In the 18th Century the debt-laden royal family handed over the royal property portfolio to parliament in return for an annual subsidy paid out of public funds, which is loosely based on Crown Estates revenues. In 2020-21 this subsidy amounted to a whopping £86.3m.

Without this whopping Sovereign Grant being taken out of Crown Estates revenues to fund the lifestyles of these inherited wealth layabouts, the public finances would be almost a hundred million quid better off per year!

It's absurd to argue that the wealth generated by the Crown Estates constitutes a net positive, while allowing the royals to siphon off a massive chunk for themselves, and without considering the potential that this vast land-holding could be put to more efficient use without their involvement.

Just like with potential tourist revenues, the continued existence of the royal family actually cause a drain on Crown Estates revenues.

The hidden costs

Aside from the royal sycophants' tactic of brazenly misusing tourist and crown property revenues to make an misleadingly-positive case in favour of the royal family, these grovelling creeps also love to omit the hidden costs from the negative column too.

Boot-lickers love to forget that the fortunes of the royal family are not subject to Inheritance Tax.

If we accept the £19 billion net worth figure as legitimate, they'd owe £7.6 billion when Elizabeth II dies, which adds up to an astonishing £109 million for every single year of her reign so far!

If anyone was interested in doing a fair cost-benefit analysis on the royal family, they'd surely have to add in the £100m+ annual cost of their absurd Inheritance Tax exemption, wouldn't they?

Then there are the secretive royal powers to interfere in parliamentary legislation for their own financial benefit. The UK government still vehemently refuses to reveal which laws have been tampered with by the royal family, meaning it's extremely difficult to estimate what these secretive powers have ended up costing the UK economy.

It's been especially difficult to estimate the economic damage since the Tory government decided to exempt the royal finances from Freedom of Information requests back in 2011, However it's still easy to see how the royals could use this secret veto on democratic legislation to enrich themselves at the expense of the wider UK economy.

Beyond economic considerations

beyond the money, there are other costs to be considered too:

The United Kingdom one of the most unequal countries in the developed world with unacceptably high rates of poverty and destitution, and incredibly low levels of social mobility.

The royal family exist as the figureheads of this unequal and iniquitous system, which is built on valuing inherited wealth and establishment connections ahead of qualities like hard work, integrity, ingenuity, and intelligence.

A bunch of idle malingerers occupying the very top positions in the social order, based on nothing more than hereditary privilege, provides compelling evidence that the UK is nothing like a meritocracy.

Some people are so lacking in self-respect that they actually like to think of themselves as lowly serfs in comparison to their inherited-wealth lords and masters, but the existence of this squalid mob at the top of the pile is an absolute affront to those of us who consider no human as being more inherently valuable than any other, purely by virtue of birth.

Then there's the national embarrassment of a family that insists on bailing out an absolute creep like Andrew, to the tune of £millions, in order to buy his way out of facing up to child sex allegations in court.

What does it tell the rest of the world about the British people that we allow this disgusting creep to continue parading around in public, and representing our nation on the world stage?

What does it tell child sex abuse survivors in Britain, and across the rest of the world, that this vile individual is being allowed to get away with what he's accused of, purely because he was born into a family of born-to-luxury grifters?

Conclusion

Tourist revenues would obviously be higher if the royal properties were fully opened to the public, rather than housing an idle bunch of inherited wealth squatters

The Crown Estates could almost certainly be run more efficiently without the involvement of Elizabeth's squalid mob, and definitely without them siphoning the best part of a hundred million quid out of the public finances each year to fund their lavish lifestyles.

Even if we accept the £19 billion net wealth figure is valid, and not minimised through the hiding of overseas assets, that still adds up to a whopping £7.6 billion in Inheritance Tax these idle parasites are going to avoid through their unjustifiable tax exemption when Elizabeth II dies.

The royal powers to interfere in democratic legislation are so secretive that it's impossible to even estimate how many £billions worth of damage they've done to the wider UK economy by rewriting legislation for their own benefit, but even with such a shroud of secrecy protecting the actual figures, it's clearly an affront to democracy that these powers exist at all.

And then there's the social damage of maintaining such a grotesque social hierarchy, especially when one of the most high-profile figures at the top of it is a sweatless-creep like Andrew.

In light of all of this, the only way to maintain the fiction that the royal family constitutes any kind of benefit to the UK, is through an absurdly biased, and downright misleading interpretation of the actual facts.

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6 comments:

Anonymous said...

Yekaterinburg

Anonymous said...

Tiocfaidh ar la

Anonymous said...

I can’t argue with your analysis and, as a lifelong Republican, I would love to see the Windsors run out of town tomorrow. However, I feel that some of the language used in this article is rather childish and smacks of the very kind of third-rate red-top hackery, which you no doubt abhor. I don’t think you will win over too many people by using such terminology. Creeps, bloodsuckers etc may go down well among the converted but will just be a turn-off for most of those you hope to convert.

Mr. Magoo said...

Queen Secretly Lobbied Scottish Ministers for Climate Law Exemption https://www.theguardian.com/uk-news/2021/jul/28/queen-secretly-lobbied-scottish-ministers-climate-law-exemption

Our Green Royals - Saving the Planet One Helicopter Ride at a Time https://www.theguardian.com/commentisfree/2021/oct/15/green-royals-saving-the-planet-helicopter-queen-charles-william-climate

Mr. Magoo said...

EDITORIAL – QUEEN CAPITAL’S JUBILEE

Capitalism, as we have pointed out many times, is a class-divided society, where there is a capitalist class who own the means of production and derive their wealth from the working class, who own no or little property and are forced to work for a wage or salary. Huge disparities in wealth and income between the two classes are the inevitable outcome. In the UK, the most visible manifestation of this class divide is the royal family, who sit at the apex of the class system. They own large palaces and tracts of land around the country and enjoy luxurious lifestyles, whereas workers live a more frugal existence and have to live in more modest dwellings, in many cases slum housing.

This month the state is holding the queen’s platinum jubilee, celebrating that the monarch has been 70 years on the throne. Showy events, naff TV programmes and local street parties will inevitably be organised. This occasion is an opportunity to reinforce the idea that privilege and hierarchy are part of the natural order of things and to encourage deference among workers towards their superiors. It will also be a festival of nationalism and patriotism, so whether you are a worker struggling on low pay or benefits or you are a billionaire, you can take pride in your great British ‘heritage’.

These celebrations are coming at a time when workers are facing the biggest cost of living crisis for decades. There are royalist supporters who would argue that people need to be cheered up in these hard times. No doubt, a worker who is facing a choice between eating or heating their home will be thrilled to watch some sycophantic arselicker on the television droning on about how wonderful the queen and her family are. The capitalist state has graciously allowed the workers an extra day off from their daily toil. How very generous.

Some opponents of royalty, including some on the left, complain that the royal family leeches off the taxpayers and that they should be made to pay their fair share of tax. This misses the point somewhat as the tax burden falls on the capitalist class, not the working class. The royals derive their wealth and privileges not from any tax advantages but, as with the rest of the capitalist class, from the surplus value created by the working class.

Some groups, like Republic, advocate the replacement of the monarchy with an elected head of state. This would make no material difference to the lives of workers, as the basis of capitalist society, with its pursuit of profit and exploitation of labour, would remain unchanged. We can see this clearly in countries that do have an elected head of state. In France for example, there have been strikes by public sector workers and protests by the gilets jaunes movement and in the USA there has been industrial action among the Walmart workers. In both countries, poverty exists alongside riches, as in the UK.

So the solution is not merely abolishing the royal family, but the economic system upon which their power and privileges are based. A system that exploits and oppresses workers and is responsible for the climate crisis. We argue that the world’s workers need to organise democratically to replace it with socialism, a world of free access and common ownership. Anyway – enjoy your extra day off.

https://www.worldsocialism.org/spgb/socialist-standard/2020s/2022/no-1414-june-2022/

Anonymous said...

Am i correct in saying that the Queen didn't pay any income tax until 1992- the fortieth year of her reign?