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Originally Posted by zippyneedsawin
could you please go further in depth about how the 'evil doings of worldwide socialism' played a role in Secretariat's racing career?
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I've explained this countless times ... but if you missed it ...
Secretariat's owner ... C.T. Chenery ... died over the winter between Secretariat's 2YO and 3YO years. In 1973 ... there were still pre-Reagan, onerous socialist death taxes ... which the Chenery estate had to pay.
The only way they could raise enough cash to pay the taxes was to syndicate Secretariat for stud. The family ... headed by Penny Chenery (Tweedy) ... wanted to race Secretariat as a 4YO ... but the breeding investors would only fork up if Secretariat were retired after his 3YO campaign.
Secretariat was syndicated for a then-record $6 million ... BEFORE he raced as a 3YO. After his spectacular 3YO performances ... he could have been syndicated for $40 million.
So ... the socialist death taxes screwed the Chenery family out of over $30 million dollars ... and screwed all of us out of seeing Secretariat race as a 4YO.
It's 33 years later ... and I'm still seething over this. Another spectacularly stupid failure of socialism.