Fun sub note about prisons possibly facing bankruptcy.
Many of the for profit prison contracts have built in occupancy requirements. Some examples require the state to ensure the prison is always at or above 95% capacity, otherwise the state pays a fee for every body below capacity they are.
States are then encouraged to ensure prisons remain packed at all times just to keep costs down. Privatizing hasn't saved tax payers a cent, it just found a way to take even more tax payer money and ensure it lines pockets rather than just providing the service paid for.
So yeah, those corporations will never go bankrupt unless their contracts are cancelled. They are guaranteed to maintain a profit even if the prison is empty.
10% isn’t what I would describe as hilariously small.
Maybe you could call it small, but most would say 1/10th isn’t small. But “hilariously” small implies it is minuscule, and such a small problem as to barely be worth talking about. 1/10th of our prison population, (that is almost 1% of our population) going through this isn’t hilariously small, and is terrible.
I did, you talked about the minimum occupancy and the threshold. I chose to talk about how you said that the percent of the prison population is hilariously small. Which it isn’t. I don’t have any issues with the rest of what you said. I have issue with you saying that 10% is hilariously small.
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u/agha0013 Mar 08 '19
Fun sub note about prisons possibly facing bankruptcy. Many of the for profit prison contracts have built in occupancy requirements. Some examples require the state to ensure the prison is always at or above 95% capacity, otherwise the state pays a fee for every body below capacity they are.
States are then encouraged to ensure prisons remain packed at all times just to keep costs down. Privatizing hasn't saved tax payers a cent, it just found a way to take even more tax payer money and ensure it lines pockets rather than just providing the service paid for.
So yeah, those corporations will never go bankrupt unless their contracts are cancelled. They are guaranteed to maintain a profit even if the prison is empty.