Thu Feb 2, 2012, 09:43 AM
FlaGatorJD (278 posts)
Our Draconian Drug Laws Have Created a Great Investment Opportunity in Prisons
Now how more American can you get than that?
You too can get in the money, and here's how:
And you be pleased to know:
With the growing number of incarcerated individuals each year, investing in prison stocks has become a lucrative move. As the prison population continues to rise, private corrections corporations build more facilities and continue to grow.
and from another source:
It is worth noting that the United States has the highest prison population rate in the world. In the US, 756 out of every 100,000 people are incarcerated.
Approximate number of people incarcerated for drug related crimes:
•108,000 people in federal prisons as of April 2010
•280,000 people in state prisons across the country as of June 2007
•31,500 people in California state prisons as of December 2008
Let's expand a bit by putting it into perspective, and that means understanding how many total people are incarcerated for all crimes:
•211,455 inmates at federal prisons as of April 2010
•1,395,916 inmates in state prisons as of June 2007
•171,161 inmates in California as of December 2008
So that means around half of all inmates in federal prisons are there for drugs, around 20% of inmates nationwide in state prisons are there for drugs and around 18% of inmates in California state prisons are there for drugs.
So what are you waiting for?
even those pillars of American society, our banks, are getting in on the action, so it must be good, right?
Wells Fargo is one of the largest investors in Geo Group, Inc. — the second largest private prison company in the world contracted by state and federal government agencies. The group spends millions lobbying for stricter immigration enforcement.
BULLSHIT, illegal bullshit, and more bullshit, but for those who see this issue as unimportant, well I guess . . . you might agree with the officer . . .
2 replies, 1027 views
Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Our Draconian Drug Laws Have Created a Great Investment Opportunity in Prisons (Original post)
Response to FlaGatorJD (Original post)
Thu Feb 2, 2012, 10:11 AM
fredamae (2,613 posts)
2. A few years ago, during the bushco admin
I read an article that listed dick cheney as a major shareholder/investor in the Private Prison Industry.
I can't fine any info now, however-so?????
But if thats true, it sure explains a lot.