Why does the Queen want to hide her wealth?
Why does the Queen want to hide her wealth?
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anonymous-user

Original Poster:

78 months

Monday 8th February 2021
quotequote all
Can't see a topic but what's the issue here?

Biggy Stardust

7,068 posts

68 months

Monday 8th February 2021
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I hide some of my wealth because
1) shouting about it is vulgar
2) jealous little aholes might cause problems.

I presume HMQ is in a similar position.

sherman

14,926 posts

239 months

Monday 8th February 2021
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Shes going to die in the next 5ish years. Is she just trying to reduce Charlies tax implications?

nikaiyo2

5,793 posts

219 months

Monday 8th February 2021
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The Spruce Goose said:
Can't see a topic but what's the issue here?
The fact it is a Guardian story so hardly anyone will have read it?

Of the tiny fraction of the population who read it, most will understand it is nothing more than the wolf whistle journalism that the Guardian does better than the Mail and is likely to be a non story spun to within an inch of fake news.

nikaiyo2

5,793 posts

219 months

Monday 8th February 2021
quotequote all
sherman said:
Shes going to die in the next 5ish years. Is she just trying to reduce Charlies tax implications?
Its about something that happened getting on for 50 years ago.

https://www.bbc.co.uk/news/uk-55975199

anonymous-user

Original Poster:

78 months

Monday 8th February 2021
quotequote all
The more interesting questions are about the origin of the wealth, not the amount

jmn

1,129 posts

304 months

Monday 8th February 2021
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The Guardian newspaper airing its anti-monarchy views again.

This all took place during the early 1970s. The actual legislation finally went onto the Statute Book under the Callaghan Labour Government although work on it began under the Heath Conservative Government.

On the Sunday Times Rich List HM is now quite a long way down. I recall at one point a long time ago she was thought to be one of the wealthiest women in the Country, if not the World.

IroningMan

10,598 posts

270 months

Monday 8th February 2021
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The interesting bit is that the story appears to reveal the existence of a channel by which Buck House can influence legislation at a relatively early stage, rather than merely providing a ceremonial rubber stamp after the event.

The wealth thing is just the background as to how that channel appears to have come about - or an illustration of how it might be abused, depending on your POV.

Murph7355

40,914 posts

280 months

Monday 8th February 2021
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Why does anyone want to know what her private wealth is? We all know the origins of the wealth of the monarchy, and the history of how we arrived here. Beyond that, why does anyone want or need to know?

How many people like their private wealth published? Does everyone suggesting the Queen is wrong to want privacy on the topic feel comfortable with their own wealth, in all its glory (or not) published? If not, why not? (Again, the original origins are well understood. They really make little difference - if ours were cleaner than the monarch's, there should be even fewer issues with publishing).

Moreover, why is this being dredged up now? AIUI it was something done a while ago.

Also AIUI, the monarch still has some privilege in decision making and has used it from time to time. No major articles on that front (and I think some are potentially more...of interest).

Byker28i

85,005 posts

241 months

Monday 8th February 2021
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JPJPJP said:
The more interesting questions are about the origin of the wealth, not the amount
You know the crown estate (around $12bn) hands over all it's income around £1.8-2bn turnover, £350m profit and the queen gets a fraction back every year. She's also been using her own money for some of the repairs, refurbishments etc

Imagine how much you'd moan if you effectively paid 90% tax smile

Pit Pony

10,872 posts

145 months

Monday 8th February 2021
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The Spruce Goose said:
Can't see a topic but what's the issue here?
The issue is that the queen has right of veto on any law that upsets her.

And elected representatives can't stop her.



AJL308

6,390 posts

180 months

Monday 8th February 2021
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Pit Pony said:
The Spruce Goose said:
Can't see a topic but what's the issue here?
The issue is that the queen has right of veto on any law that upsets her.

And elected representatives can't stop her.
That's total tosh, quite frankly.

Randy Winkman

21,004 posts

213 months

Monday 8th February 2021
quotequote all
Byker28i said:
JPJPJP said:
The more interesting questions are about the origin of the wealth, not the amount
You know the crown estate (around $12bn) hands over all it's income around £1.8-2bn turnover, £350m profit and the queen gets a fraction back every year. She's also been using her own money for some of the repairs, refurbishments etc

Imagine how much you'd moan if you effectively paid 90% tax smile
Isn't it all "our" money (i.e. UK taxpayers money) anyway? If not, where else does she get her wealth from other than by being Queen?

valiant

13,419 posts

184 months

Monday 8th February 2021
quotequote all
Pit Pony said:
The Spruce Goose said:
Can't see a topic but what's the issue here?
The issue is that the queen has right of veto on any law that upsets her.

And elected representatives can't stop her.
As republican as I am, that isn’t true of how it works.


Whether it’s Royal Assent or Consent, the monarch merely rubber stamps stuff as a formality and nothing more. If she were to do anything else a fairly hefty constitutional crisis would be the result.


Whether she or her minions influenced the decision is another matter but that will never be known.

DeejRC

8,790 posts

106 months

Monday 8th February 2021
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The Queen/Monarch has theoretically right of veto over an awful lot. They have a theoretical right to do lots of things. The intelligent Monarch knows not to be so bloody stupid as to practice it in reality. The even wiser Monarch learns how to deploy that influence so as to provide guidance, perhaps some perspective and not piss people off.

Id regard it as part of the damn job description! Otherwise it goes tits up, both publicly and drastically and Monarch is invariably on the wrong end of the outcome.

Ian Geary

5,386 posts

216 months

Monday 8th February 2021
quotequote all
Pit Pony said:
The Spruce Goose said:
Can't see a topic but what's the issue here?
The issue is that the queen has right of veto on any law that upsets her.

And elected representatives can't stop her.
No. That's not the issue at all.

AJL308

6,390 posts

180 months

Monday 8th February 2021
quotequote all
DeejRC said:
The Queen/Monarch has theoretically right of veto over an awful lot. They have a theoretical right to do lots of things. The intelligent Monarch knows not to be so bloody stupid as to practice it in reality. The even wiser Monarch learns how to deploy that influence so as to provide guidance, perhaps some perspective and not piss people off.

Id regard it as part of the damn job description! Otherwise it goes tits up, both publicly and drastically and Monarch is invariably on the wrong end of the outcome.
I think that there is considerable scholarly discussion as to whether the "right" of the Monarch to unilaterally withhold Royal Assent still even exists. I think that the view is that she could only do so if she were advised/authorised to so so by the cabinet, or something.

Ian Geary

5,386 posts

216 months

Monday 8th February 2021
quotequote all
IroningMan said:
The interesting bit is that the story appears to reveal the existence of a channel by which Buck House can influence legislation at a relatively early stage, rather than merely providing a ceremonial rubber stamp after the event.

The wealth thing is just the background as to how that channel appears to have come about - or an illustration of how it might be abused, depending on your POV.
This is the issue.

I wonder though: to what extent has Her Maj (or her lawyers) ever used this influence apart from on a specific law that concerned the disclosure of her wealth?

If it was a one off, then yes, it's just dog whistle politics by the guardian, preaching to the choir of anti monarchists.


If the graun can find a pattern of influence beyond this isolated example, then I might pay more attention.

I am a monarchist, as I've never technically renounced my cub scout promise!

Edit: did I just write monarchist??? Idiot. I meant royalist of course smile

Edited by Ian Geary on Monday 8th February 13:49

eldar

24,902 posts

220 months

Monday 8th February 2021
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Pit Pony said:
The issue is that the queen has right of veto on any law that upsets her.

And elected representatives can't stop her.
No vote, though.

Ian Geary

5,386 posts

216 months

Monday 8th February 2021
quotequote all
AJL308 said:
I think that there is considerable scholarly discussion as to whether the "right" of the Monarch to unilaterally withhold Royal Assent still even exists. I think that the view is that she could only do so if she were advised/authorised to so so by the cabinet, or something.
It came up a bit during brexit/proroguing saga....a bit like the Q anon crowd saying trump is still the lawful president :ROFL:

Practically, the royals haven't refused royal assent for hundreds of years, so to all intents and purposes, they can't.

I am only going to go and find my pitchfork should the royals actually deny parliament this...not because of we guardian wind up merchant.