Why do the princes of England and other kingdoms have so much money?
Where does the money come from? Do the people of their nations just pore in their taxes so they take expensive vacations and buy expensive clothing? For instance, the sultan of Brunei has a fortune of $20 billion (according to VH1, which brags about others and not themselves). Brunei's neighboring countries are mostly third world countries, yet his children have an enormous palace with a private jet per person. What justification is their for this imbalance of economic power?
Asked By: The Prancing Stallion - 8/25/2007
Best Answer - Chosen by Asker
Monies accumulated over centuries, as a Monarchy continues. Plus, as far as the British Monarchy is concerned, leading members of the Royal Family receive an annual "purse" from the good ole British Taxpayer. Argument these days for the continuation of the Monarchy... More
Answered By: sharmel - 8/25/2007
Additional Answers (5)
In England, the monarchy has private wealth from personal holdings. Real estates, stocks, etc. But they lose money too. Their investments can go bad like anyone's. Wealth goes up and down...it doesn't just constantly grow, because investments are more complicated than that... More
Answered By: TONY S - 8/25/2007
Closer to home, I wondered where the money for MTV's Sweet 16 show comes from. Does anyone really have that much disposable income? How did they get it?
Answered By: Jess - 8/25/2007
There is no justification for that. Just recently the Queen started paying taxes on her money which largely comes from her family and taxes. Maybe others should consider doing the same.
Answered By: London Catlover - 8/25/2007
Depends... was back when they owned everything - (and may still own stuff) anyway in modern times some royalty still has national control. The British Royalty for the most part only get a annual salary - after all britain is a debtor country - if they were accountable for the countries financial state they would be... More
Answered By: intracircumcordei - 8/25/2007
They have wealth from private holdings along with being paid from the government. The monarchy has been tradition in England for centuries and seems to have worked. It's part of their history.
Answered By: florida gal - 8/25/2007
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