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Re:Hahaha We Live in Hell by djbusby on Saturday August 19, 2023 @05:23PM (#37193365)
I'm aware, and have used, this practice in Oakland, CA, Los Angeles, SF, Boston, Philadelphia, Seattle and Portland OR. One reason I keep a small amount of cash around - just for the vig.
Re:Hahaha We Live in Hell by konschubert on Saturday August 19, 2023 @06:03PM (#37193761)
It's extortion. You're paying protection money.
Re:Hahaha We Live in Hell by djbusby on Saturday August 19, 2023 @06:12PM (#37193831)
Yep, and my stuff was protected. Been doing it since at least 1995.
Re:Hahaha We Live in Hell by konschubert on Saturday August 19, 2023 @07:18PM (#37194330)
You have been financing crime.
Re:Hahaha We Live in Hell by djbusby on Saturday August 19, 2023 @07:30PM (#37194399)
I prefer to think of it as financing entrepreneurs.
Re:Hahaha We Live in Hell by Ekaros on Sunday August 20, 2023 @04:00AM (#37197095)
At least the scale is much smaller than giving VC money to likes of Uber and AirBnB. So you have moral upper-hand.
Re:Hahaha We Live in Hell by freediverx on Sunday August 20, 2023 @07:52AM (#37198252)
Every tax dollar you pay finances one human crime or another.
Re:Hahaha We Live in Hell by konschubert on Sunday August 20, 2023 @09:51AM (#37199135)
I’m discovering an increasing number of edgelords here on HN.

You know that what you said isn’t true. Or you are really badly informed.

Re:Hahaha We Live in Hell by bena on Saturday August 19, 2023 @07:08PM (#37194269)
Canadianfella is correct. "Vig" is not the correct term. Vig, short for vigorish, is a yiddish/Slavic word used to describe the excessive interest on a loan from a lender of ill-repute. It's also used to describe the house's take of a book.

It's not just money you pay to shady people. If he charged you $5 for parking, but allowed you to pay when you came back, but it would be $10 instead, you could say the additional $5 was the vig as that represents a 100% interest on a short term loan.