Basically Ferrari wants to buy trophies, and FIA doesn't allow them to so, so they chose to give up so they won't get humiliated.
Besides that they actually got out spend the last couple of years (by Honda and the likes) its also a bullshit argument. What is your opinion of Chelsea, United or FC barcalona? Do they try and buy their trophies by spending insane amounts of money? Or do they spend that kind of money in a attempt to get the best sporting result possible? The simple fact is that in every sport where money can make a difference there are always teams/clubs that find the money and make use of it because they want to win (and because the top brass probably also likes to see some $$$ which comes from winning). Thats just how it is. If you dont like that sort of thing basically you can stop watching just about every half populair sport because everywhere money is involved in getting the best players or the best equipment.
No Ferrari actually likes to compete and likes to develop cars and technology instead of competing with a standard same for all cheap piece of shit kit cars.
Well I dont think that is true either because if they wanted to develop technology so much they would probably have done things different that spending 300million a year on a formula that since the 90's has been more and more regulated. You could still do some cool stuff in the early 90's. After senna's death the capping begun, it got even worse after 2004 and in 2009 you pretty much cant do anything anymore. Basic aero, nothing on the mechanical side, nothing on the electronics so what is left?
I dont think any team is really against a budget cap, certainly not if it creates a new era in which you can actually have 2 totally different cars that are competative like in the old days.
But it does need to make sense. So no 2 tier stuff and a budget that makes sense. Teams cant do shit for 40million. It costs billions to design a new road going car, how do you excpect somebody to build something advanced and high tech as a F1 car for a far smaller budget? not to mention if you actually want to develop something. I mean, how can you design a all new engine with high revs, atleast 1000bhp and a 3 race life time for 40million? And than you dont even have money left to build a car.
This is what I found on 2008 budgets
Toyota: $445.6m
McLaren: $433.3m
Ferrari: $414.9m
Honda: $398.1m
Renault: $393.8m
BMW Sauber: $366.8m
Red Bull Racing: $164.7m
Williams: $160.6m
Toro Rosso: $128.2m
Force India: $121.85m
Super Aguri: $45.6m
Why dont cap somewhere at 150 a 200million? Still not very high I'd say but that way the big spenders already save a big deal of money and the teams that dont have that kind of money suddenly come alot closer. And with that money atleast you can do some development.