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Originally Posted by freddymo
Still not a believer of subsides for racing.
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Neither am I. As in most cases subsidies distort the market into inefficient results. And what would be a more efficient result for racing? LESS racing. More quality, less quantity--some tracks, and a lot of breeders, need to fail. That sounds harsh, but nobody is guaranteed a chosen livelihood, or they shouldn't be. I said this 10 years ago on the AOL racing boards and it was not well understood, so I doubt it will go over big today, even though it is more true now. Obviously, in conjunction with this, the shackles also need to be taken off horse racing--if you are going to force it into a market economy, you should let it compete. So the idiotic taxation of the player has to go. And legality of interstate wagering needs to be clarified once and for all. But horse racing should sink or swim on its own.