Lyric discussion by TheWorldWontListen 

I agree it sounds like a song protesting against inequality and the apathy of poorer people who strive only to own more things, instead of fighting the ruling classes.

The line "I'd like to drop my trousers to the Queen, every sensible child will know what this means" makes me think, maybe Morrissey or the character believes that an awareness that such inequality is wrong is natural and innate, children are born with it but most have it drowned out by consumerism and dull conversation by the time they become adults.

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