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£150m is about £3 per person. If only 51% of the population wanted to keep the royal family, i.e. supported its existence, then they would have to agree that the royal family is at least worth £6 per year. I don't know if that's just a very American way of looking at it, but I feel like it's rather viable to assume that the royal family would remain in place if everyone in England knew how much it cost them, and it wouldn't be a terribly stupid decision at all.
I'm sure a good 50% of the country is capable of donating an additional £6 a year (progressively redistributed, if you wish) to something more practical if that's what they really want, but that's ignoring the revenue that the royal family does generate, regardless of whether it matches the cost.
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