131
Revealed: King Charles secretly profiting from the assets of dead citizens
(www.theguardian.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 23 Nov 2023
131 points (94.6% liked)
World News
32241 readers
685 users here now
News from around the world!
Rules:
-
Please only post links to actual news sources, no tabloid sites, etc
-
No NSFW content
-
No hate speech, bigotry, propaganda, etc
founded 5 years ago
MODERATORS
Yeah, people who die with no heir typically get their stuff claimed by the state. This is pretty common around the world.
It usually goes into the state slush fund like tax revenue, AKA the crown.
In this case, it's claimed that it was 'donated to charity'.
In this case, it was being spent on upkeep/repairs/renovations on properties that are rented out, with the rent going to the 'privy purse' - the king's personal funds, not the state's funds. Spending the money to improve the properties directly increases the rent that can be charged, and offsets upkeep costs that would otherwise come out of the rent.
Money laundering.
Is it really money laundering when his (mom's) face is on the money?