Why do so many people trust VPNs for their privacy?
The VPN provider knows your payment information and likely your real identity. Even if you pay anonymously, they’d still have your real IP as well as metadata concerning your usage. Any unencrypted data can be viewed and collected.
VPN providers claim they don’t keep logs, but that’s impossible to validate. Common practice is to not trust server side code. A VPN provider can get a warrant to start logging you specifically, and you wouldn’t be able to tell. Even if your VPN provider is outside of the 5 eyes countries, the NSA network extends to 41 countries (“41 eyes”), and most VPN providers are within that network.
At least with Tor, unless all 3 nodes in your loop are controlled by the same entity, no one will know both your IP and your data. While Tor reset the loop ~10 minutes, a VPN can collect data 100% of the times and know who they’re collecting it from.
When you collect to a work VPN, you expect them to track your usage. How are they a good idea for privacy?