The British reigning champion said that he would walk away from his eight million pound deal over the issue that has split the sport.
Button expressed his views following Ferrari's controversy at the German Grand Prix last Sunday, when Ferrari were fined $100,000 by the sport"s governing body after their apparent use of banned team orders which engineered a win for Fernando Alonso over team mate Felipe Massa.
The Sun quoted him as saying: "I'd not be interested in racing in F1 if, from the first race, you knew there was the possibility of being a No 1 or No 2 driver. What's the point?"
"One of the biggest buzzes in F1 is fighting your team-mate and, for me, fighting a world champion is such a buzz. If I suddenly realized he didn't have the same equipment as me, or I was being favoured, I wouldn't be happy. I would think we'd all been cheated," he added.
"You're here to win, to be the best. And you should have equal opportunity to the next guy that''s driving the same car," Button said.