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Originally Posted by ELA
BTW, here is an interesting question -- so the owner(s) of Bernardini can easily afford this type of insurance premium from "other wealth" and perhaps as such, the fans feel a certain way (of course for other reasons as well).
What if Bernardini or a similar type of horse worth the same money was owned by a working class guy, or someone who did not have wealth per se. If that person did not have other assets or couldn't get a farm to offer up enough real cash, etc., and they could not "afford" the premium -- would people feel differently? What about if there was an estate tax/liquidity issue (ie: Joe Robbie and the Miami Dolphins)?
Any thoughts? Thank you.
Eric
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there is no question in my mind that if this horse was owned by some blue-collar types and they decided that they couldn't afford to take the risk of racing the horse next year the backlash would not be nearly as severe.