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I've heard two different versions of this.

The first being that the Royal family actually makes the UK money because they cost less to maintain than what is made up for in brand image and tourism benefits.

The second is that because they don't pay tax, it means their enterprises are not as efficient and the return on the crown lands is about half of what could be expected on a normal enterprise.

The source for both these viewpoints are videos on YouTube. The first is from CGPGrey (I think), while the second is a reply to that video.



CGPGrey's vids are awesome. Unique perspective as an American living in the UK. I highly encourage anyone interested to go seek them out.

Also, he mentions in his podcasts that he is a HN user.




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