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When you have a sport where teams like Ferrari, Mclaren and Red Bull are spending with impunity, it become necessary to have pay drivers, the end result is that talented drivers are shut of the game.
Folks, this why a budget cap is needed in F1..it restrains and keep teams like Ferrari, Mclaren and Red Bull from having too much control of the sport and allow other teams to become competitive without having to rely on the money of pay drivers. Sadly though these big teams don't like the idea budget caps because they know it pose a challenge to their power.