This weekend, I read a lengthy account of the many holdings and enormous annual income from landholdings, etc., of the Royal Family. The extent is so vast that there has never been a total amount successfully ascribed to it, as there’s always a forgotten duchy, crate of precious stones, or the odd dozen Leonardo da Vinci paintings in a closet of a little-used castle somewhere.
That’s all fine. If the British people don’t mind, it’s nobody else’s affair. And I’m not suggesting that Coronations shouldn’t be held with the greatest of pomp and extravagance.
My question is this: with a coronation price tag of $250,000,000.00, and no coronations in the past 70 years, would it be fair for the Royal Family to foot the bill? Establishing a modest “Coronation
Savings Account” with annual contributions of merely $3,571,428.57/year for the past 70 years would have added up to that quarter billion dollar party’s cost, in principal payments. And the Royal Family could still keep the interest on all that money, probably compounded quarterly!
Wouldn’t it be a boost for the Royal Family to know they were paying their way and not placing the burden on taxpayers? That Nigel Q. Public, watching on tv as the new King attempted to dance at his coronation concert, wouldn’t have to pay for the extravaganza to which he wasn’t invited?