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I think begin a republic sounds cool, but nothing would change so there is no point in doing it. I don't think see it happening anytime soon after seeing the media coverage of the royal tour. one of the funny headlines was the breaking news of will and Kate walking 500m to a sheep pavilion
lest we forget.
This whole Will, Kate and George thing is one big PR Stunt for the Royals and I'm sure will prove very popular amongst Monarchists in Australia and NZ. I can't stand the monarchy, but have to hand it to the Windsors that since the debacle of Diana, Fergie etc, they've recovered nicely and George is their meal ticket to exploit for publicity purposes and prolong the monarchy's relevance. Even more so when I think most of us have become cynical with politicians.
Here in Britain, especially with the expenses scandal, one big argument against the Royals is that they cost the tax payer; but it seems that politicians are more culpable when it comes to taking advantage of then public purse. Hence why the smartest thing the monarchy did was to become a constitutional monarchy and have no power; it has ensured their survival. As long as there is a lack of alternative, there will always be inertia to get rid of them and as others have pointed out more important matters to deal with; becoming a republic will always be pushed to the bottom of the list of priorities.