Citizenship

The New York Times reported last Sunday that Queen Elizabeth II is strapped for cash. This is a surprising development for an English monarch who owns Balmoral Castle in the Scottish Highlands, acres of farmland, horses, art, and jewelry, and has a net worth that Forbes magazine estimates at $500 million. In addition, she collects 15% of the income derived each year from the Crown Estate, assets that the nation owns but the queen uses, such as Buckingham Palace and the Crown Jewels.

“The British government has subsidized the royal household since the reign of King George III.”

So short of cash...