OK I feel compelled to tell you that the 99% white billionare thing is incorrect. USA does have the most billionares but they are not all white and also China is currently in the #2 spot with India in #4.
Also if you are referring to the proplem of private prisons I do agree it's probably not a good thing but since less than 1/5 of prisons are privately run I don't think it is the main cause of the problem.
Yes, only 1/5 of the prisons, but it could still be that they wield a lot more influence than that figure suggests. There aren't very many lobbying for the imprisoned, so an organized private lobby of even a small number of private prisons might be enough to shift the scales significantly.
Also if you are referring to the proplem of private prisons I do agree it's probably not a good thing but since less than 1/5 of prisons are privately run I don't think it is the main cause of the problem.