2026-05-06 19:37 UTC
@anon_opin@mastodon.social There is no inheritance tax because Charles doesn't really own most of it.
The crown estate (all the royal lands and castles and racecourses and whatnot) which generate about a billion pounds a year were traded off to the government in 1760. The monarch of the day gets a 12% cut to keep doing royal things, the treasury keeps the rest.
While I am, in theory, against the idea of kings, I am fully behind a 88% tax on billionaires so I think this is quite a reasonable arrangement.
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