NEWS: Private prison investors set for giant windfall

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Daree Aire
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Private prison investors set for giant windfall

Post by Daree Aire » Fri Dec 29, 2017 11:44 am

Individual investors in US private prisons are poised to collect their most lucrative earnings ever thanks to changes in the tax code signed by Donald Trump, continuing what has been a banner year for the industry since the 2016 election.

“It’s going to be great for the investors, banks and hedge funds that own shares in private prisons, and are dependent on increased incarceration and criminalization,” said Jamie Trinkle, campaign and research coordinator with the racial and economic justice coalition Enlace. ... collection

This is a bit unnerving to me after what happened in Idaho not very long ago.

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