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set-271 t1_iwu5swo wrote

It costs American Taxpayers $2,000 per day per prisoner to keep them in incarceration. And there are over 2.3 million prisoners currently in incarceration.

You do the math, and it's no wonder why The Big Short's Michael Burry sold his entire stock portfolio and bought only one stock - Geo Group, a for-profit prison company.

When you think about it, it's very scary what's to come given recession, war, and the Fed's push for creating unemployment to tame inflation, as well as the hiring of 70,000 new IRS agents to chase delinquent American tax payers. And let's not forget they will be pushing a CBDC on us all soon, where they track your spending and take your wealthy away at the click of a button.

Feels very much like America is gearing up to become a police state.

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elizabeth-cooper t1_iwv20av wrote

There are no for-profit prisons in New York State.

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set-271 t1_iwv2zby wrote

Correct...but Hochul is trying to bring them back. And its still costing tax payers billions annually.

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elizabeth-cooper t1_iwv3pw1 wrote

Source? The only think I see she's looking to allow is prisoners working for private companies for higher wages than they could earn working for the DOC, and would assist with re-entry after incarceration.

https://www.governor.ny.gov/news/governor-hochul-announces-jails-jobs-new-initiative-improve-re-entry-workforce-and-reduce

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set-271 t1_iwv42yl wrote

Maybe we're taking the same thing...

https://www.nysfocus.com/2022/02/23/hochul-proposes-bringing-back-private-prison-labor/

Here's the critique of it which I agree with.

https://citylimits.org/2022/03/10/opinion-new-york-should-reject-a-return-to-private-prison-labor/

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elizabeth-cooper t1_iwv53ne wrote

Yes, we're talking about the same proposal. It doesn't mean for-profit prisons. There will remain no for-profit prisons in New York.

Anyway, I don't see any critique in that article. It only says that it doesn't work out so well in other states because the companies don't offer much in the way of worker protections. New York has much stronger worker protection laws than many other states, so it's likely things will be different here.

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