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A good reason as to why F1(and MotoGP)need a defined budget/spending cap and its a must in an uncertain economic climate and disappearing sponsorship.
Sadly though when you have teams like Mclaren, Ferrari and RB who have essentially cartelized the sport there is just no way I could see a budget cap happening.
In the end F1 really need to do something about the cost of competiting because the high budgets are not good for the sport as it essentially leads to small grids. If anything I would be disappointed if F1 were to go down the same road as MotoGP e.g. production bikes occupying the same grid as prototypes, in the case of F1 we see a indycar-type chassis occupying the same grid F1 chassis and all in an attempt to fill a disappearing grid.