Private Owned Prisons and Profits

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The Three P’s

We have 21 prisons in South Carolina housing roughly 21,000 people, It cost taxpayers 19,000$ a year to house one person That’s 399 million dollars a year, so of course locking our asses up is a goldmine. With Companies and people like Fidelity, BlackRock, State Street Vanguard Michale Jordan, Jay Z, Lebron James, And Shaquille O’Neil are all big private prison investors despite social justice pledges. Private prisons have a contract with the government where the government pays them a set amount of money for each prisoner. More prisoners=more money from the government. If said private prison can reduce costs per prisoners, they make more profit And that’s where investors come in, question is can you invest and should you? Palantir Technologies Inc. (NYSE:PLTR), CACI International Inc (NYSE:CACI), and Leidos Holdings, Inc. (NYSE:LDOS).CoreCivicInc.

By looking at the returns that their shares have offered to investors. In the past five years, the returns of these firms stood at around 96%, 125%, and 108%

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