CORPORATIONS: Cooler Profits

One U.S. corporation which closes its fiscal year this month with $16 million in sales and $2,000,000 in profits, pays no rent, no taxes, and has no labor problems. All 3,500 of its employees are in jail. The company: Federal Prison Industries, Inc., a Government corporation set up in 1934 to sell products made by prisoners in federal penitentiaries. In 15 years, it has recouped the Government's $4,175,000 investment, has paid $10 million more to the Treasury in dividends.


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