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OK let's try and be rational the Crown owns the Duchy of Lancaster. This generates an income of about £20 million a year which is the private property of Queen to do with as she wishes (so long as she remains the Sovereign). If this country were a republic, this income would belong to the state.
Similarly,Charles owns the £16.5 million income from the Duchy of Cornwall. In a republic this income would also belong to the state.
The Queen also personally owns a wide range of investments and other assets which generate a further income of millions of pounds a year.
The Queen is paid £7.9 million a year by the state to do her job. A lot of this money is spent on paying her staff's wages at her various palaces and offices. £350,000 of this is paid to her husband as an annual salary for doing his essential work of walking around, shaking hands, and making racist jokes. The rest she spends on herself and her daily or official activities in one way or another, or on food and other such expenses.
Under new arrangements brought in by the Tories the above payment will be proportionately linked to the profits of the Crown Estate, rather than capped at a certain sum. Profits from the Estate are predicted to double or triple in future years due to investments in offshore wind power (The entire seabed around the UK belongs to the Crown Estate). Thus the queen's payments will similarly increase.
The state also gives the queen about £30 million a year (through two 'gifts in aid') to pay for the maintenance of her palaces and to cover her travel expenses, just to make sure that she doesn't have to dip into her own pockets for such things.
Furthermore the state spends an estimated £100 million a year on policing and security for the Queen and the royal family more this year cos of the wedding and an increase in Jubilee year..
On top of all these payments, the state also pays for the expenses of Prince's Charles, and Andrew and other royals in their various official capacities. Prince Andrew also holds a separate position as a trade envoy for the UK. In 2011 he spent £620,000 of taxpayer's money in this capacity.
Adding all of the above payments together, one reaches a sum of approximately £176 million per year (comprised of money both spent by the state, and of lost income that would otherwise belong to the state), dedicated to maintaining the Queen and her immediate family.Taken as a whole, the resources spent on maintaining the monarchy in its current form totally eclipse the sums spent on the presidents and ceremonial heads of state of republican nations. France, Italy, and the USA have greater incomes generated by tourism than the UK, despite having no ruling monarchs. The argument for the monarchy in this respect is therefore demonstrably invalid. Therefore the UK monarchy is a rip off, and should either be thoroughly reformulated or else done away with altogether