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How private prisons can positively affect state budgets and the economy overall
Prison privatization: the United States contracts third party individuals to offer places for physical confinement of humans. despite numerous criticism and flaws that may have been exposed in private prisons, there are benefits enjoyed by states in relation to revenues and economic spur in general that is brought about by prison privatization (Price & Morris, 2). This document will discuss some of the benefits that are enjoyed by the state economies when private prisons come up.
The privatized prison system in the united states can be termed massive and incredible, to an extent that it is able to generate a turnover of about $74 billion, and this is way much above gross domestic product of 133 full independent nations. Prison privatization has proved lucrative, and the prisons themselves operate as businesses and as well are contracted by the government to offer such services. This has brought stability to the government which had been overwhelmed by huge bills that were always presented to the government budgeting system by the justice and drug laws department (Simon et al. 5).
In this move, …show more content…
It therefore seems that the costs of handling inmate is pushed to the inmate themselves, and not to the government. Private prisons handle prisoners, charge fees and levies on the very prisoners, and are therefore act like an investment in most countries which authorize privatization of prisons. Being like business ventures, they make profits, and the very profits are have taxes levied on them by the state governments, who in turn reports to the federal government. Taxes that are charged on investments are used as revenues for funding state projects and activities, and private prisons contribute a lot towards state
Professor
Course
Date
How private prisons can positively affect state budgets and the economy overall
Prison privatization: the United States contracts third party individuals to offer places for physical confinement of humans. despite numerous criticism and flaws that may have been exposed in private prisons, there are benefits enjoyed by states in relation to revenues and economic spur in general that is brought about by prison privatization (Price & Morris, 2). This document will discuss some of the benefits that are enjoyed by the state economies when private prisons come up.
The privatized prison system in the united states can be termed massive and incredible, to an extent that it is able to generate a turnover of about $74 billion, and this is way much above gross domestic product of 133 full independent nations. Prison privatization has proved lucrative, and the prisons themselves operate as businesses and as well are contracted by the government to offer such services. This has brought stability to the government which had been overwhelmed by huge bills that were always presented to the government budgeting system by the justice and drug laws department (Simon et al. 5).
In this move, …show more content…
It therefore seems that the costs of handling inmate is pushed to the inmate themselves, and not to the government. Private prisons handle prisoners, charge fees and levies on the very prisoners, and are therefore act like an investment in most countries which authorize privatization of prisons. Being like business ventures, they make profits, and the very profits are have taxes levied on them by the state governments, who in turn reports to the federal government. Taxes that are charged on investments are used as revenues for funding state projects and activities, and private prisons contribute a lot towards state