The wedding was on the TV in my gym here yesterday, and yes, of course, every historical monarchy had it's share of baggage, but the tradition, especially in this day and age, is a worthy thing to hold on to. We got to talking in the gym about it, and how in spite of the many, many excesses and abuses of the Tsars (our founding father, Петр I, probably the worst of them, at least to the Church), it would be very cool in some ways if Russia had a similar figurehead these days, a ceremonial figurehead Romanov, remaining from the past. Could you imagine how those weddings would be?
As to the abuses that created, or helped to create their wealth, every era has it's reforms, and it's own take on what is or is not acceptable. There is a lot of context to all of this, and the major precedents for taking the money of royalty away were set by our fine Orthodox friends, the terrorist French First Republic, and the lovely Bolsheviks.