Looting.

Case in point, the Tory proposal to sell British taxpayer’s data to private firms because it’s a good way to throw some vig in the direction of your supporters, in the hope that it will eventually flow back to you:

The personal financial data of millions of taxpayers could be sold to private firms under laws being drawn up by HM Revenue & Customs in a move branded “dangerous” by tax professionals and “borderline insane” by a senior Conservative MP.

Despite fears that it could jeopardise the principle of taxpayer confidentiality, the legislation would allow HMRC to release anonymised tax data to third parties including companies, researchers and public bodies where there is a public benefit. According to HMRC documents, officials are examining “charging options”.

The government insists that there will be suitable safeguards on personal data. But the plans, being overseen by the Treasury minister David Gauke, are likely to provoke serious worries among privacy campaigners and MPs in the wake of public concern about the government’s Care.data scheme – a plan to share “anonymised” medical records with third parties.

The Care.data initiative has now been suspended for six months over fears that people could be identified from the supposedly anonymous data, which turned out to contain postcodes, dates of birth, NHS numbers, ethnicity and gender.

Seriously, John Kenneth Galbraith had it nailed when he said that, “The modern conservative is engaged in one of man’s oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness.”

It’s all about looting, and it is all justified under the rubric of the Gordon Gekko quote, “Greed is good.”