As the dust settled on Donald Trump’s election victory, what businesses did investors think would benefit most from his return to the presidency? Tesla? Big oil? Rustbelt manufacturers? No: two firms that lock people up. Shares in GEO Group and Core Civic, which own and run prisons, soared by two-thirds in the three days after the election, beating the rest of America’s 1,500 most valuable firms.
It costs tens of thousands a year from the taxpayer to keep one prisoner alive. Least they could do is work a fucking job
It also might teach them a skill they can use to not be criminals in the future.
Jk, they're largely incapable of learning, but some do.
The average inmate in California is 100k a year. Thats more than any firefighter is making.
Damn, is that why its so lucrative for policy makers to own shares in private prisons when they write the laws that put people in prison.
And here I was thinking that shit was immoral or something.
https://www.economist.com/business/2024/11/21/donald-trumps-victory-has-boosted-shares-in-private-prison-companies
Woot woot, are you ready for it boyz.
So did you set out in life to become the "muh corporations!" guy from South Park? Or did it just happen that way?