Re: The Prince Andrew interview
Originally Posted by The Artful Todger
I've got a much better idea. Confiscate the so called royal estates.
I'm FAR from being in any way a socialists but that awful Windsor lot have been taking the piss for generations.
When you say “confiscate the Royal Estates” which assets are you referring to?
Do you mean
1. The Crown Estates
2. The Duchy of Lancaster and the Duchy of Cornwall
3. the Royal Family’s Personal assets
And what would you do with the Assets?
I cannot see a scenario where the RF personal assets can be confiscated - not unless we have a radical socialist regime that confiscates all private assets and wealth.
If the Govt confiscated the Crown Estate and Duchy assets and took ownership of it, I would worry that successive short term thinking Governments would raid the larder, selling income-producing assets for short term capital gain to “balance” their spending budgets.
Before you could say Jack Robinson, they’d have sold off the Royal Parks for city development and cut corners and costs on maintaining historic buildings.
I think it’s wrong that one family have so much, there is too many hangers-on being funded from the Duchy incomes and the whole RF income stream and how the Duchies income is used needs reviewing and overhauling but I’m wary of letting any Govt getting the power over the properties and assets of the Crown Estates and Duchies.
I am certain that if these assets had been transferred into Govt hands years ago, there would be none of the income-earning assets left by now - they would have been sold off long ago, along with the rest of the family silver.