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How do private prisons make money?

 
Anonymous Coward
User ID: 52416748
Poland
05/12/2014 06:59 PM
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How do private prisons make money?
I just don't get it, where does the money come from? Who pays?
Anonymous Coward
User ID: 57518370
United States
05/12/2014 07:00 PM
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Re: How do private prisons make money?
Grants/payments/contracts/kickbacks from the federal government.
Anonymous Coward (OP)
User ID: 52416748
Poland
05/12/2014 07:00 PM
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Re: How do private prisons make money?
Oh .... in The USA 5a
Anonymous Coward (OP)
User ID: 52416748
Poland
05/12/2014 07:01 PM
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Re: How do private prisons make money?
But we are broke?
Anonymous Coward (OP)
User ID: 52416748
Poland
05/12/2014 07:03 PM
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Re: How do private prisons make money?
Do they print money { figuratively speaking} to make jobs.
Anonymous Coward
User ID: 58001556
05/12/2014 07:17 PM
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Re: How do private prisons make money?
Each American, not US Citizen/slave, is a Sovereign. We have a clause in the Declaration of Independence that reflects that it recognizes we are Kings and Queens with the powers of the King of England.

We also have Treasury Accounts from our birth, and it can discharge, not pay, all debt. In fact we own no debts, the privateers (govt employees) own that stolen debt. They owe it because they borrow credit from us using our signature. Every time we give the Corps our signature they turn it into Securities and money. This is the source of money -us- and our signature, so the Prisons know how to convince us to sign their forms when in jail....so they can get paid like all the other privateers. We can also sign with UCC1-308 I retain all my rights and waive all benefits. Or use v.c., vi coactus, Latin for Under Distress. Or an ellipse (...) BEFORE the signature (they might rip the doc after you put your sig on it) meaning I had more to say but couldn't. All these void your signature thus the Contract they wanted you to sign.

See how it works now?

Expect us.

World Freeman Society Forum
[link to public.worldfreemansociety.org (secure)]
Anonymous Coward
User ID: 736749
United States
05/12/2014 07:24 PM
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Re: How do private prisons make money?
they do work in mill shops underneath or beside the prisons.

they make all kinds of stuff. one well known thing is license plates. there is allot of other stuff to. but the way that they realy make the money is by paying the prisoners who work the jobs about a dollar an hour.

I thought every one new that? but then again I have been there. and I was not a guard lol. for real though I was a prisoner and it was not fun or funny.
ANHEDONIC

User ID: 49531429
United States
05/12/2014 07:35 PM
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Re: How do private prisons make money?
OP.... private prisons are 3rd party companies (corporations) that enter contractual agreements with governments to receive X number of dollars per month/year to house inmates/prisoners. So let's say it only costs $18,000 actual dollars to house & feed an inmate for a year, but the private prison gets paid $28,000 by the government, that's a $10,000 profit per inmate. By reducing costs and increasing efficiency, the 3rd party can maximize revenue.... The private prison industry & lobby has a vested interest to keep the prisons full and thus to influence government to pass legislation/laws that ensure stiff prison sentences. The 'war on drugs' has been the most effective lobby....
The Golden Rule
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Anonymous Coward
User ID: 56000432
Canada
05/12/2014 07:35 PM
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Re: How do private prisons make money?
Telemarketing jobs. Inmates need $$$ for Amazon.com and snack machines.
nah™

User ID: 39685812
United States
05/12/2014 07:41 PM
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Re: How do private prisons make money?
Just some interesting information.

[link to raprehab.com]
When you find a piece of shit along side the road and you poke it with a stick, what do you expect to find inside of it, gold?
No, it's just going to stink more.
Sikhed
Cat herder

User ID: 57518370
United States
05/12/2014 07:51 PM

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Re: How do private prisons make money?
Ah yes, the "prison industrial complex".
Crony capitalism at it's worst.
doom360
Anonymous Coward
User ID: 57368334
United States
05/12/2014 08:22 PM
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Re: How do private prisons make money?
Ah yes, the "prison industrial complex".
Crony capitalism at it's worst.
 Quoting: Sikhed


Isn't it for the children?
Montblanc

User ID: 58005004
Portugal
05/12/2014 08:49 PM
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Re: How do private prisons make money?
I heard or read somewhere that their parent companies also make money on stock exchange bonds or something, like the more inmates the company houses in its prisons the more valuable the stock bonds become, it makes sense its just like any other business except it tries to make profit from something bad which may in turn crate abuse for profit.
Noblesse Oblige
Montblanc

User ID: 58005004
Portugal
05/12/2014 08:50 PM
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Re: How do private prisons make money?
*create
Noblesse Oblige
Anonymous Coward
User ID: 55576911
United States
05/12/2014 09:42 PM
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Re: How do private prisons make money?
slave labor camps. thirteen cents an hour.
Anonymous Coward
User ID: 43035839
United States
05/12/2014 09:59 PM
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Re: How do private prisons make money?
Slave labor and cutting prisoner standard of care. Society is in complete collapse and this is just one of the many horror shows of the many more yet to come. It reflects our true nature as a species.
Partly Cloudy

User ID: 57561284
United States
05/12/2014 10:01 PM
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Re: How do private prisons make money?
They sell body organs of prisoners.
Anonymous Coward
User ID: 57979802
United States
05/12/2014 10:11 PM
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Re: How do private prisons make money?
mostly its states paying private prisons on
a per head/per day basis.
Anonymous Coward
User ID: 44432948
United States
05/12/2014 10:34 PM
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Re: How do private prisons make money?
mostly its states paying private prisons on
a per head/per day basis.
 Quoting: Anonymous Coward 57979802


So states have budgeted money to pay private company's to house prisoners and entered into contracts to keep 80 -90 per. occupancy? That's fucked up! wtf
Anonymous Coward
User ID: 41374346
United States
05/12/2014 10:37 PM
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Re: How do private prisons make money?
I heard or read somewhere that their parent companies also make money on stock exchange bonds or something, like the more inmates the company houses in its prisons the more valuable the stock bonds become, it makes sense its just like any other business except it tries to make profit from something bad which may in turn crate abuse for profit.
 Quoting: Montblanc


Yup, and who owns all those prison stocks? lawyers and prosecuting attorneys, what a racket.
Anonymous Coward
User ID: 57979802
United States
05/12/2014 10:38 PM
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Re: How do private prisons make money?
mostly its states paying private prisons on
a per head/per day basis.
 Quoting: Anonymous Coward 57979802


So states have budgeted money to pay private company's to house prisoners and entered into contracts to keep 80 -90 per. occupancy? That's fucked up! wtf
 Quoting: Anonymous Coward 44432948


states either close or fail to build prisons
and instead give the money in contracts to
private corporations.
Often not even in their own states.
They ship inmates to other states where private
prisons exist.
Anonymous Coward
User ID: 41374346
United States
05/12/2014 10:38 PM
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Re: How do private prisons make money?
*Judges and prosecuting attorneys
Anonymous Coward
User ID: 57979802
United States
05/12/2014 10:40 PM
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Re: How do private prisons make money?
mostly its states paying private prisons on
a per head/per day basis.
 Quoting: Anonymous Coward 57979802


Even private juvinile jails.

The "kids for cash" scandal unfolded in 2008 over judicial kickbacks at the Luzerne County Court of Common Pleas in Wilkes-Barre, Pennsylvania. Two judges, President Judge Mark Ciavarella and Senior Judge Michael Conahan, were accused of accepting money from Robert Mericle, builder of two private, for-profit juvenile facilities, in return for contracting with the facilities and imposing harsh sentences on juveniles brought before their courts to increase the number of inmates in the detention centers.[1][2]
For example, Ciavarella sentenced children to extended stays in juvenile detention for offenses as minimal as mocking a principal on Myspace, trespassing in a vacant building, or shoplifting DVDs from Wal-mart.[3] Ciavarella and Conahan pled guilty on February 13, 2009, pursuant to a plea agreement, to federal charges of honest services fraud and conspiracy to defraud the United States (failing to report income to the Internal Revenue Service, known as tax evasion) in connection with receiving $2.6 million in payments from managers at PA Child Care in Pittston Township and its sister company Western PA Child Care in Butler County.[4][5] The plea agreement was later voided by a federal judge, who was dissatisfied with the post-plea conduct of the defendants, and the two judges charged subsequently withdrew their guilty pleas, raising the possibility of a criminal trial.
[link to en.wikipedia.org]
Watdhel

User ID: 55774114
United States
05/12/2014 10:51 PM
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Re: How do private prisons make money?
Private prisons are a big business!

They get around 25$ a day at minimal security prisons per inmate.

Guards can be come by cheaply. Food can be rice and beans daily.
Montblanc

User ID: 58042693
Portugal
05/13/2014 09:21 PM
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Re: How do private prisons make money?
I do not totally disagree with their concept but I think they shouldn't be allowed to be on stock markets and definitely shouldn't be owned by people who work within the law making/prosecution system.
Noblesse Oblige