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A billionaire is behind California’s Prop. 38. His institute stands to get billions.

Katherine Langford
Editor-in-Chief · Tuesday, November 10, 2026 at 2:14 AM · 1 min read
A billionaire is behind California’s Prop. 38. His institute stands to get billions. — Carmel-by-the-Sea Community news

Kaplan laments that many California voters failed to do so. If they had, he said, they would have discovered that half the sum would be granted to a single research institute, chaired by Dr. Gary Michelson, the billionaire who wrote the proposition and funded nearly the entire campaign for its passage.

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