In the legal case example, maybe some clarity maybe had in considering what does the prior mean. A answer is: say you have to bet a million dollars on whether the person is guilty or not without knowing anything about the person how would you distribute your million dollars between the two events. Yes it is subjective and personal, but it is hardly ever going to be 50:50. One can push the $1,000,000 analogy further. One can fix a cost for a mistake: whats the cost of a wrong conviction and whats the cost for setting a guilty man free. Then the final decision can be based on reducing the financial risk based on the likelihoods.
One may bring the socio-economic status in forming the priors but one may not consider any information source that considers the accused.