I have no problem with it. If the people want to support traditions such as this, more power to them. Sweden, Norway, Denmark, the Netherlands, Spain, the UK and other constitutional monarchies with universal suffrage seem to be doing fine. It isn’t the tradition in the States for very good reason. At the time we revolted, the monarchy and their favored corporations had extraordinary powers over the people and economy and we opted for a system of white male suffrage where even a landless commoner had a say in how he was governed. In it’s day, that idea was quite radical and resulted in a bitter six-year war.
Today, those monarchies haven’t anywhere near the influence over the populations they had 250 years ago and if they attempted to regain that influence, they would be immediately cast into the masses with the rest of us and they know it. Therefore, like museum dioramas, they exist at the whim and grace of the democracies they live within, as it should be.