Describe the Lease System and the Reasons That It Contributed

question 57

Essay

Describe the lease system and the reasons that it contributed to large numbers of inmate deaths. How might this have been avoided? Do you believe that it is ethical for the government to require prisoners to perform work, given that they are being kept in prisons at public expense? If so, should only certain kinds of work be assigned to inmates? Finally, given that state prisons are increasingly being run by private businesses, would it be ethical for these states to lease the work of their prisoners to private businesses as well?

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Definitions:

Actuarial Information

Data used by actuaries to calculate and assess risks, premiums, liabilities, and retirement benefits, based on statistical and mathematical models.

Bond Issue

A bond issue refers to the process by which a borrower issues bonds to investors in order to raise capital, under specific terms regarding the repayment of the principal and periodic interest payments.

Yield Interest

The interest generated from an investment, usually expressed as an annual percentage of the investment's cost.

Present Value

Today's value of a future money sum or series of cash flows, estimated using an agreed upon return rate.