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Sorry folks, but the refutations were futile.
1) Yes, I'm aware that the state gets a portion of the proceeds, but without a minumum percentage coded into the law, and a subsection defining how those funds can be used, that clause is futile. There's still nothing stopping an imClone from setting up a California research shop, using our dollars to fund their research, and then charging $10,000 per pill when they find a cure...all for a measly 1 or 2 percent kickback.
2) Sorry, read the proposition. Research funded by this bond will be exempt from public records laws so you'll never KNOW if they're wasting your money, and as a measure encoded into the state constitution, will be exempt from all lawsuits. If you REALLY think that this money will be doled out with your best interests in mind, you should do a little research. I work at a university in california and have experienced the trauma of going before a grant board in order to get funding for research. The guys with truly innovative or progressive ideas NEVER get funded by the mainstream academic board members, and this measure pretty much dictates that the oversight board will be populated by those mainstream academics. The only people who will ever see a dime of this money are the mainstream researchers who kiss butt and tow whatever the currently accepted line happens to be. The men and women with the truly innovative ideas, the ones who have historically driven research in all areas of science, will see little benefit from this bond.
3) I still disagree that the rest of the nation should get a free ride on $6 billion of California's dollars. This research promises big bucks for the major pharmas, but stem cell research is still an unproven science with relatively few players that will never support a widespread economy. This is a six billion dollar debt that will never employ more than a couple thousand Californians, and even they for no more than 10-20 years tops. To make it worse, once the discoveries are made there is no mechanism dictating that the actual cures have to be manufacured here, so the pharmas will simply outsource their production to whatever state or country can produce the drugs at the lowest cost, providing NO long term benefit to the California economy.
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