I have lived in developed countries for many years now, I sense that you feel your country to be at par with those. Still many people are under poverty line, resources and opportunites are scarce but number of people is far more. Having a military rule is not the option, do you know all the countries that gained independence from Britishers have had military rule for brief/long period and those countries are lagging and screwed(if I may add).
Apart from this what post you have written is possible because of democracy, it wont have been possible in a millitary rule.
Finally, you must be stupid if you say that people live a royal lifestyle. Go and look properly in Japan or France or US of A.