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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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I would definitely have more sympathy if the owner couldn't afford the premiums so retired the horse for that reason. I wouldn't be totally sympathetic though as they could sell a small share in the horse to get enough money to pay the insurance premiums so it isn't like they were forced to retire the horse because of insurance costs as they would likely try to lead the public to believe.