As a person born and raised in the UK, but now an American Citizen, I find it absolutely incredible that the UK monarchy exists as anything other than a quaint tourist attraction, and literally unbelievable that hereditary peerage is not only legal in the UK but that 92 of them are able to affect the legal, financial and political institutions of the country simply because they were born into an inbred mess of corrupt parasitical medieval land theft.
They have of course, since the 1999 act, been seriously curtailed, but as an institution, it can't offer a single logical defense for its existence, period. Not one.
And if you vote Tory, you're supporting that.
If it makes you feel any better, America has been creating defacto peerages for hundreds of years now and there are plenty of these odious parasites running our systems of power and government too. Rothschilds, Bushes, Kennedys, et al.
It's like the war of Independence ended and the plutocrats over here said, "Right, now to set up our own slightly re-branded version so we don't have to do anything dirty, like work our way to the top."