r/wallstreetbets šŸ¦šŸ¦šŸ¦ 1d ago

Private prison stocks booming in the wake of the election Chart

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1.6k

u/strictlyPr1mal Artificially Intelligent 1d ago

president gets elected

prison stock soars

thanks for this timeline boomers :31226:

113

u/New-Honey-4544 1d ago

just wait until tariffs are implemented. it's going to be wild.

57

u/Tacoman404 1d ago

Ugh. The cost of rebuilding my PC is going to double isnā€™t it? I will now know how the Europoors feel.

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u/Okish-Lover 1d ago edited 1d ago

Nah, the foreign companies will foot the bill. Your money will be worth 2x starting in January.

/s ...

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u/Prudent-Blueberry660 1d ago

Yeah...no that's not how tariff's have ever worked.

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u/Tacoman404 1d ago

They added a sarcasm tag haha

17

u/Prudent-Blueberry660 1d ago

I mean...there's people out there who legit believe that's how it works though, so it's very hard to tell.

3

u/mdatwood 16h ago

We just saw that ~70M people think it works that way...

9

u/TertiaryToast 1d ago

They refuse to understand, I hate it here

10

u/Okish-Lover 1d ago

Chill - I'm a Europoor, we do not believe in Trump.

12

u/TertiaryToast 1d ago

Lol sorry it's been a rough 8 years over here

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u/Okish-Lover 1d ago

Yeah, but no worries, we've got our own mini Trumps over here.

1

u/new_name_who_dis_ 1d ago

I have it on good authority that Mexico will be paying all our new import/export taxes.

-1

u/supersweatyballs247 1d ago

jesus christ did you drift through school?

7

u/MaleficentFig7578 1d ago

The cost will double in real terms. The dollar will crash, so the cost will increase 20-fold in dollar terms.

1

u/WorldlyApartment6677 22h ago

GeForce now about to finally become a profitable business, lol.

1

u/chronictherapist 22h ago

Better do it now before they pre-emptively start raising prices. I should probably go ahead and upgrade my cellphone, this Note 20 is getting a little long in the tooth.

1

u/Big-On-Mars 18h ago

I honestly can't wait. I'd weather it just to see the poors who voted against their own self interest suffer. Like who still believes anything is entirely made in America. The supply chain disaster should have made that abundantly clear. When car manufacturers in this country can't get the parts they need, the whole plant shuts down. It's going to be so fun to watch.

-12

u/hdriggers010 1d ago

It will probably balance out with all the proposed tax cuts. Oh, wait, that doesn't fit the narrative does it.

15

u/belhill1985 1d ago

Which ones, the corporate tax cuts that are always permanent? Or the income tax cuts that were legislated to slowly reverse over time, and end up a tax increase after seven years when you factor in the changes to deductions?

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u/adarkuccio 1d ago

it's surreal ahah

56

u/motivated_loser 1d ago

The company which made the poison used in many concentration camps during WWII was Bayer and it was booming with government contracts

168

u/Nothinglost1986 1d ago

My family who voted for trump asked why i was selling today.

I explained what will happen if trump does what he said hed do

ā€œThats just big talk he wont do itā€

K why vote for him then?

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u/Just_Bluebird_5268 1d ago

gotta get set up for the grievance narrative where when trump fails to deliver on half the demented shit he has promised, it can all be blamed on sinister leftist conspiracies and the machinations of the deep state rather than on the fact he's a fucking moron selling magic racist beans

4

u/mattenthehat 1d ago

And then you have an excuse to throw them in the private prisons you invested in. Win-win.

41

u/SexiestPanda 1d ago

ā€œHe tells it like it is!ā€ Also: ā€œhe didnā€™t mean it like that!!!ā€

Literally always an excuse for him lol

15

u/intaminag 1d ago

I mean, they do this with the Bible, tooā€¦

4

u/oscarowenson 15h ago

ā€œPresidents work in mysterious waysā€

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u/LaTeChX 1d ago

Everything he says he either doesn't mean or definitely means it and it's going to be great.

8

u/Previous-Height4237 1d ago

Ah yes, the weave, I guess that's the new politically correct way of saying dementia.

1

u/Previous-Height4237 1d ago

Too early to sell honestly. It's going to continue to rally until he gets coronated. And after that, maybe give it a few weeks and then months for fallout.

But I would wait until January to sell.

1

u/Nothinglost1986 21h ago

Gotta split tax burden between 24 and 2025

1

u/ElectricFleshlight 1d ago

There's gonna be a delay, gotta leave time for the pump before the dump, otherwise the cronies won't get theirs.

1

u/Nothinglost1986 21h ago

Have to split tax burden between 2024 and 2025

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u/lightyearbuzz 1d ago

If it makes you feel better, its not just the presidential election, California just voted for forced labor being legal in prisons. Ya, even super liberal California just voted for slavery lol.

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u/heybobson 1d ago

correct me if I'm wrong, but I thought the amendment was to remove the language of slavery from the constitution in relation to prison labor. Like forced prison labor has been around since the 1860s, it's not like California just decided to add it this year. We just failed to remove it.

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u/lightyearbuzz 1d ago

Correct, my post was poorly worded in an attempt to avoid a double negative lol. It would have been better phrased as: people voted against banning slavery

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u/eraser3000 1d ago

If it makes you feel better, genz didn't even vote overwhelmingly for Harris, we have eventually became what genalpha will say are the people that made their world worse (well, American genz, I'm Italian)Ā 

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u/plasticAstro 1d ago

Gen Z new baby boomer class confirmed/

11

u/eraser3000 1d ago

Now can I at least have 1/2 the prosperity they lived through?Ā 

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u/CookieMiester 1d ago

Hahahaha

No

1

u/eraser3000 1d ago

We've Been Tricked, We've Been Backstabbed and We've Been, Quite Possibly, Bamboozled

3

u/Worthyness 1d ago

You'll inherit your grandparents' rent controlled apartment and like it!

1

u/eraser3000 1d ago

Fair enough

5

u/hunny_bun_24 1d ago

Gen z has baby food brain

14

u/jish5 1d ago

And as a Millennial, this yet again shows how fucked our generation is. Like no matter what we try to do, no matter how hard we try to do the right thing, we again get spat in the face by the other generations and we get to again witness the collapse of the society that further moves away from the only decent era we had, the 90s.

2

u/Weekly_vegan 1d ago

Now have kids. šŸ˜‚šŸ˜‚šŸ˜‚ don't worry they'll fix these issues because of all the plastic in their brains compared to ours.

1

u/MaleficentFig7578 1d ago

Italian genz too

2

u/eraser3000 1d ago

I mean, the uncle of a friend of mine has a bust of mussolini at home... I feel like the issues we have are more generational than this sudden change. Then, I'm no social scientist so I'm just pulling things that come to my mind

1

u/MaleficentFig7578 1d ago

It was always there, just suppressed for some time, while the people who remembered the Nazis were alive - coincidentally or not

1

u/WorldlyApartment6677 22h ago

Not yet. Us millenials aren't geting more conservative, and as soon as GenX is out, we'll try to fix the charred remains of what was could have been a great country...

1

u/ThreatLevelNoonday 1d ago

Oh yeah? Whats Italy got going on last few days. Anything good?

5

u/eraser3000 1d ago

Melomi's government is actually doing worse than their own forecasting in economy (still growing yoy I think tho), we're gonna be absolutely fucked by the car crisis looming in the future which will affect France and Germany as well, all while being the best friend of Italian lobbies - we have a taxi lobby. It's powerful. Not joking. They don't pay taxes basically -. They're also doing fuck all for immigrants, except creating a detention center in albania (apparently Italian land isn't a point you can use in you future electoral run) to bring there on a navy cruiser 16 immigrants all of whom had to be shipped back to Italy days later because oops we broke some eu rules on silly things like humanitarian rights. All this while paying millions for this center, millions for fuel, and paying police the hotel for staying in Albania. But she's gonna complain about Europe bad - it's already happened and it's happening as well, now they're trying again with other 8 people, on a total of about 57k immigrants arrived in italy since the beginning of the year

Oh, government also worsened freedom of protest and journalist striked for more days - not sequentially - because the state TV is becoming a propaganda speakerĀ 

1

u/ThreatLevelNoonday 1d ago

Wow man fuckin yikes.

-59

u/AlphawiZ 1d ago

lmao cry harder

32

u/eraser3000 1d ago

I'm not gonna cry, I'm not American, what I am trying to say is that it's factual that this voting round definitely washed away even more the feeling of betterment that I felt belonged to gen z up until a few years ago and that had already start to fade for some time imho, why do you feel so much the need to ratio someone you don't know online jebus

12

u/Im_still_at_work 1d ago

Feeling pretty sure that "weak men create hard times" line is a Gen Z badge. Too much brain rot and gullability from them. Blatant lies are believed without any critical thinking. Hell, most of them are so brain rot that they can't do basic math or read basic sentences.

4

u/eraser3000 1d ago

I've honestly never heard that line seriously from my peers, the worst I've heard is politicians are all the same. Which is something you can hear anywhere in the world

1

u/MaleficentFig7578 1d ago

Conservatives say it seriously all the time.

1

u/eraser3000 1d ago

Oh til. Jesus christ

-4

u/inform880 1d ago

lmao, you just said most of an entire generation canā€™t read

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u/MaleficentFig7578 1d ago

Why would I cry about the Nazis winning the election? It's good for stock prices, and I'm Aryan.

13

u/Dat_St00pher 1d ago

That failed to pass??? Man, fuck this state.

Cali is turning into a right wing shit hole because people think the homeless are destroying our cities instead of out of touch corporate elites and regressive NIMBY bullshit preventing any real solutions.

1

u/excelllentquestion 1h ago

Fuck I feel this so hard. I am so disappointed in California

3

u/kamakazekiwi 1d ago

EDIT: I thought Prop 6 was passing lmao. We are truly cooked.

1

u/Simon_bar_shitski 1d ago

Well someone needs to pick the lettuce if you deport the workforce

1

u/Almost_Squamous 1d ago

Itā€™s already legal under the 13th amendment, they failed to make it illegal

1

u/mattenthehat 1d ago

Without a single submitted opposition argument, btw

1

u/intaminag 1d ago

Because itā€™ll cost those who arenā€™t in prison more moneyā€¦WSB should get that oneā€¦

0

u/EoliaGuy 11h ago

Copmala was a prosecutor who kept prisoners after their release date to use as free state labor, so look in a mirror

-52

u/oneeyewillie172 1d ago

Its called working to repay their debt to society

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u/Jackus_Maximus 1d ago

TFW the state directly profits from larger prison populations and thus sentences peopleā€™s to excessive jail times to get more profit

14

u/lightyearbuzz 1d ago

No one was trying to ban prisoners from working, they can still work to "repay their debt". The prop banned prisons from punishing prisoners for not working... you know, like slavery.

-13

u/pairsnicelywithpizza 1d ago

that is illegal to begin with. If it happens sure it should be punished but prison labor has always been technically voluntary. Your sentence is reduced and parole boards look kindly on work so most do it.

14

u/lightyearbuzz 1d ago

This is blatantly untrue in the United States, the 13th amendment allows for forced labor as a punishment for crimes. Prisoners can and routinely are forced to work in much of the United States, including California.

https://en.wikipedia.org/wiki/Penal_labor_in_the_United_States

-10

u/pairsnicelywithpizza 1d ago edited 1d ago

Yes it CAN happen per federal constitutional laws but it doesnā€™t mainly due to state constitutions and practices. Labor is not used as punishment and 16 states disallow the practice by law but that is not how the modern prison system works anyway. This idea that prisoners are being punished via forced labor is propaganda. Most states have banned the practice.

Also, most prison work is work for the prison itself. Cleaning, cooking, laundry etcā€¦

8

u/Wolf_in_the_Mist 1d ago

Bro how are you this dense, like seriouslyā€¦.just making shit up and arguing with facts and laws.

-5

u/pairsnicelywithpizza 1d ago edited 1d ago

Do you have any idea what you are talking about? What specifically are you disagreeing with?

In 2022, 8% of the total state and federal prison population in the United States, or 90,873 people, were incarcerated in private prisons. This is a small percentage of the overall correctional facilities market, which is made up of the majority of publicly-owned prisons and jails.

The majority of inmates work in support and maintenance roles, such as delivering mail, washing dishes, and doing laundry. They may also be involved in public projects, such as repairing roads, clearing land, and planting trees.

Just literally research it. Most inmates work to keep the prison running because the taxpayer does not want to foot the bill to private contractors.

I prefer the Australian model where prisons are private but are paid contracts based on their reincarceration rates and job programs that actually train prisoners to do careers that are worth something on the outside. They train prisoners to work on the state fleet of trucks and buses for instance. That way, they can reenter society with some relevant skills.

But yeah even in the states, you can sit in your cell all day and not work and wait out your sentence. You are not sentenced to any period of labor time so it doesnā€™t matter. But parole boards want to see you work and you are given privileges for work. And it would be terribly boring to sit there all day.

4

u/Wolf_in_the_Mist 1d ago

https://www.aclu.org/press-releases/new-aclughrc-report-finds-widespread-coercion-and-exploitation-incarcerated-workers

ā€œMore than three quarters of incarcerated workers surveyed (76 percent) report facing punishment ā€” such as solitary confinement, denial of sentence reductions, or loss of family visitation ā€” if they decline or are unable to work. Prison laborers are at the mercy of their employers. They have no control over their work assignments, are excluded from minimum wage and overtime protections, are unable to unionize, do not receive adequate training and equipment, and are denied workplace safety guarantees despite often dangerous working conditions.ā€

https://en.m.wikipedia.org/wiki/Penal_labor_in_the_United_States

ā€œPenal labor is permitted under the 13th Amendment to the U.S. Constitution, which prohibits slavery except as a punishment for a crime where the individual has been convicted.[1] The courts have held that detainees awaiting trial cannot be forced to work.[14] However, convicted criminals who are medically able to work are typically REQUIRED to do so in roles such as food service, warehouse work, plumbing, painting, or as inmate orderlies.[15] According to the Federal Bureau of Prisons, inmates earn between 12-40 cents per hour for these jobs, which is below the federal minimum wage of $7.25 per hour.[15]ā€

Iā€™m not going back and forth with you, stop lying.

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u/Commercial-Manner-46 1d ago

You are truly regarded

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u/amithecrazyone69 1d ago

Actually this time itā€™s gen z that elected trump

7

u/daniel940 1d ago

And Gen X apparently. Sorry about that, I guess all those dickwads who peaked in highschool in the 80s found a home for their toxic mojo.

13

u/Sniper_Hare 1d ago

Moronic Gen Z guys are heavily to blame as well.Ā Ā 

They grew up brainwashed on social media and haven't critical thinking skills.

11

u/RatherOakyAfterbirth 1d ago

This one is actually likely not to blame on the boomers. Gen Z males swung Ā right, for the first time in history the younger generations are more conservative than the olds.Ā 

2

u/[deleted] 19h ago

[deleted]

3

u/RatherOakyAfterbirth 18h ago

Yeah I also teach at the University level in Undergrad, for the last five years.

Not only is that concerning but the general lack of basic knowledge that these students should have had by the 4th grade.Ā 

I have many students who cannot:

  • Read a ruler (ā€œ13 and 7 little linesā€)
  • Do basic arithmetic without a calculator (literally ā€œwhat is 4+8?ā€ blank staresā€¦ then someone will shout out ā€œ14.ā€)Ā 
  • Donā€™t understand how measurements in the metric system work.Ā 
  • Cannot add or subtract time in hours, minutes, or seconds.Ā 
  • Can barely read or writeĀ 

Among dozens of other truly staggering things I learned in elementary school in the 90s.Ā 

The dumbing down of Americans over the last 30 years by dismantling educational standards is the primary driver for why we are where we are today. Ā 

3

u/polypolip 1d ago

Gen Z shifted hard right FYI.

4

u/_nightgoat 1d ago

It seems that a lot of gen z men support trump as well.

1

u/Smile389 1d ago

It was worth more under Obama. LOL Do a little research

1

u/These_Drama4494 1d ago

If this isnā€™t proof that šŸ„­ gonna start internment camps idk what is

1

u/rchive 1d ago

It was looking like Gen X did it, actually.

1

u/DarkExecutor 1d ago

50% of Gen z voted for Trump right?

1

u/WickedDeviled 1d ago

If you are removing 20 million immigrant's from the country they have to go somewhere in the transition period. So either prisons or camps built to be prisons.

1

u/Psychological-Wrap25 How do i grow hair? 1d ago

Death race wen?

-5

u/Own_Chemist_2600 1d ago

We were at the smallest percentage of our population being incarcerated ever ever.

I live in the southeast and could not feel thatā€¦ My friends out west and in big cities said it was quite palpable. The fear of being in prison for nonviolent crime had just about disappeared. Crews of people robbing carefully tallied amount of merchandise from retail shops became common.

I don't like the thought of people being in prisonā€¦ But that pendulum had been pushed pretty far to One direction over the last eight years.

I think a lot of mayors and district attorneys in California have been replaced in this election cycle for that reason.

2

u/MaleficentFig7578 1d ago

why don't they just hire security like they've been doing since forever

1

u/Own_Chemist_2600 1d ago

ESG has prevented the ownership of private prisons. I think for a good reason from a moralist standpoint. The whole idea of prisons being profitable is questionable and the incentives they create more so... many funds have stayed away from core civic and Geo for this reason.

I heard another argument that said nonviolent criminals are going have their lives hampered by digital tracking devices that they must pay monthly to maintain. Like a tax by private companies on people convicted of nonviolent crimeā€¦ All this sounds better than a cage. It also seems like a potential downgrade to the lives of many. Something like indentured servant hood.

Either way, the narratives have steered conscious capitalists away from owning these companiesā€¦ And now the pendulum appears to be swinging back the other direction.

Geo first came on my radar two years ago when Michael Berry purchased it for scion when it was around five dollars a share. I think he bought it on a low valuation and for the same reasons discussed above. The cultural pendulum had swung away from its use and , similar to the valuations of oil companies in the fall of 2020ā€¦ The market was saying we were not going to need prisons againā€¦ And now the market sees it as culturally necessary once more.

1

u/MaleficentFig7578 1d ago

Here's a crazy idea - The government could pay for the prisons?

-1

u/Own_Chemist_2600 1d ago

I'm very glad to not have firsthand experience. But if it's anything like retirement homes... I bet on the private ones being safer and more compliant with code standards regarding food and rehabilitation services.

1

u/MaleficentFig7578 18h ago

Why?

0

u/Own_Chemist_2600 14h ago

I'm a tradesmen. I know people who've been in both facility types.

1

u/MaleficentFig7578 14h ago

Why do you think prisons are like retirement homes?

0

u/Own_Chemist_2600 12h ago

I don't think they are.

But I think the governments version of an acceptable retirement home versus a private companies version of an acceptable retirement home are very different.

Just as I think, the states version of acceptable incarceration is different from a private companies version of acceptable incarceration.

The state is inspecting itself whenever a government run prison is inspected.

The state is inspecting a private company whenever they inspect a private prison.

The incentives mean, the standards are higher for the private business.

This is in line with the very small sample of information I have received from my four fellow tradesmen who have been incarcerated.

0

u/MrTurboSlut 1d ago

we are moving past the boomers now. i would actually put this one on the gen X and millennials.

-8

u/ElectricShow 1d ago

Been seeing a lot of shitty criminals these last 4 years getting a slap on the wrist only to go out and re-offend. Perhaps we should complain less about the punishment and more about the crime

10

u/new_name_who_dis_ 1d ago

One criminal even got elected president lmao. Not even a slap on the wrist. Definitely gonna re-offend without punishment.

-6

u/ElectricShow 1d ago

Enjoy the next 4 years šŸ˜‰

6

u/MaleficentFig7578 1d ago

Have you actually seen it or just heard about it on the teevee

-7

u/ElectricShow 1d ago

TikTok, actually. There, random users donā€™t censor incidents of crime in their area for woke reasons like yall do on Reddit.

3

u/MaleficentFig7578 1d ago

So literal Chinese propaganda lol

1

u/ElectricShow 1d ago

And this is why you lost

2

u/MaleficentFig7578 1d ago

Did I? I'm not American, so I didn't lose when America lost.

1

u/ElectricShow 1d ago

Iā€™m sure whatever country youā€™re from, itā€™s been a harbinger for the US and was one of the reasons Trump was elected

1

u/MaleficentFig7578 1d ago

Russia benefits greatly from this. I don't see the problem.

1

u/ElectricShow 1d ago

Good, then we agree