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Yes, tax cuts that were to be funded by going into a lot of debt. [Deleted the vacation bit]

I cannot imagine the King is happy with that. Not a good way to start.

The king is worth billions, I doubt he gives a shit.

So, he could use his money to help his country?

Why would he bother?

Part of the king's job is legitimizing the aristocracy. He's not going to point out that a restribution of wealth would be good for the country.