In 2004 California voters passed Proposition 71, legislation to give human embryo and cloning researchers $3 billion over 30 years. The CA attorney general determined the final cost for taxpayers will be $6 billion, including interest.
There will a couple huge gaffes in Prop 71:
cat2.jpg1. It did not allow for the people to share in the profits. So pharmaceutical and biotech companies getting hand-outs from the state not only don’t have to pay the people back but can keep any windfall revenues resulting from their research.
2. If treatments are developed, Prop 71 did not mandate that corporations make them available at a cheaper rate to the state’s poor or uninsured, or to anyone else in California for that matter. So corporations that have gotten grants from the good people of CA can charge them just what they would charge out-of-staters for treatment.
Yesterday, negotiations via legislation were launched to fix all that. Not surprisingly, the biotech industry opposes it.
All those supporting taxpayer funded human embryo and cloning experimentation should bear all this in mind, which is, legislators are stupid, and the biotech industry is greedy.

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