Monarchies have a history of getting taken down (in terms of power). They held an absolute power and a tight grip.
You could see money as a proxy for power, but that's only true as long as it's scarce and you can buy real power with it.
I've been a follower of your thinking patterns regarding 2) for a long time.
Life will be easier, no questions. But that's different question from the mental health one. Feeling useless is a pretty shitty feeling and a primer for depression.