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I think it is very different, for one thing, if you are being extorted your extortionist has an interest in preventing others from extorting you, thieves have no such interest.

it's a different form of theft....
a form of slavery perhaps?
but it's still theft.

extortion and protection racket are better descriptors. It's a very different crime than theft. If you caught a thief you could rightfully stop them or take your property back right?

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