The new suggestion being debated in the Formula 1 world is that there will be a budget cap for teams. It seems like a really easy way to level the playing field. But of course it is a completely flawed model (as far as I can tell).

If Ferrari have the fastest car today and Force India have the slowest.

They are both allowed to spend the same amount of money each year.

Which car in ten years will be the fastest and which will be the slowest?

The same cars. If nobody is allowed to spend more money how can one team improve over another?

The budget cuts are ostensibly to keep the small teams in the sport. There is a much easier way of doing this.

The prize money shouldn’t be prize money, it should become participation money. Every team should get an equal cut of the pot simply for taking part. That would be much fairer to all concerned. And would mean that it would be harder for a back-marker to go bust.