Its never time to abandon tradition just for the sake of it. That's how you lose history.

That's not what I'm suggesting at all.

I'm saying to keep traditions that have meaning to us beyond merely being tradition and stop wasting time, effort, and resources on the rest.

Retire it for good reason, or repurpose it for the betterment of all.

Agreed 100%

Tradition is a symbol and a pillar of community.

Though often not in a positive sense.

Even the British monarchy has a place in the modern world

100% disagree.

Banishing it to the shadow realm just because it's out of date is not the right call

It's not just because it's out of date. It's akso because it's a gigantic waste of public resources and otherwise an inherently abusive exemplar of immense unearned privilege.

There are plenty of other options that doesn't just throw out the baby with the bath water.

Bad choice of analogy. If the monarchy fits at all, it's the filthy and cold bath water that's no longer of use and is currently giving the baby, society, hypothermia.