For centuries, people have questioned the taxpayer’s role in funding the British royal family. During the rein of the Stuarts in the 17th century, that role was challenged to an extreme as a series of spendthrift monarchs treated their subjects like a bank that was always open to fund their lavish lifestyles.
James I of Scotland and England was the definition of the poor little rich prince. Son of Mary, Queen of Scots, James had essentially been orphaned as a baby, when his father Henry Stuart, Lord Darnley was murdered and his mother imprisoned. He ruled over the warring, cash-poor nation of Scotland from the age of one and inherited the throne of England in March 1603 when the childless Elizabeth I died.
The first ruler of the Stuart dynasty, James was overwhelmed with the riches he encountered in England and started spending like the absolute monarch he was.
As historian Adrian Tinniswood writes in Behind the Throne: A Domestic History of the British Royal Household: “Household economy—economy of any kind, in fact—was not James I’s strong point.”