HoneyBakedHam: Hey....
Since we are on the topic... A few months back, angry Brit students stormed London to protest the three fold increase in University tuition.
So I'm curious, how are the useless Imperial figureheads funded? Do your tax dollars keep an archaic relic of the Middle Ages living in the lap of luxury? Or does some private funding keep the upper lip stiff?
I mean, if England is suffering some budget shortfalls, wouldn't it be prudent to stop having a royal family?
What a fun debate you've just jumped into the middle of. The Monarchy receives a certain amount of money every year from the civil list, which is about £8m. This is intended to "offset" some of the costs associated with being the monarch. Really we just give them a chunk of money every year. It's actually been revised recently so that as of 2013 instead of the civil list we'll be giving them a Sovreign Support Grant. So essentially the Queen will be on benefits.
Pro-monarchists would argue that this expenditure is more than offset by the tourism and other income (the queen pays taxes on income generated from her not inconsiderable wealth). So on balance we simply gain a certain amount of national pride, tradition, and a bank holiday when one of them gets married.
Pro-reformists would argue that it is an archaic system that shouldn't be given any money at all, and that the Royal family should just support themselves like everyone else.
I probably lean apathetically towards the pro-monarchists, just as long as I don't have to watch the thing. If it makes some people happy and proud of our country, then there are much bigger costs I'd like to see cut before this. Either way, the amount of money spent is small fry in the light of the billions we've paid out to bail out the banking system. To put it in perspective, to try to pay for the gap in university funding for even just a year would probably completely bankrupt the entire Royal family of all the wealth they've accumulated over their entire time with the throne.
EDIT: PS. We don't pay tax in dollars ;)