> In order to install this browser extension it requires permissions of "can read and change all your data on the websites you visit".
Any plugin that rewrites URLs can do all that. It so happens that ublock origin also needs this capability in order for it to function[1]. So essentially, it boils down to a matter of trust. If I trust the extension developer enough, I would gladly install the plugin rather than doing nothing to stop the rampant privacy abuses.
Fortunately, this plugin is small and made of easily inspectable javascript. It's open source, so I could even build the plugin myself if I was super-paranoid.
> As much as I enjoy privacy, IMO it's a much bigger violation / risk to give my complete browsing history to some extension, especially since it can "read all your data".
That's some serious allegation. I just hope you had enough proof before you started pointing fingers.
> I wouldn't even consider utm tags a privacy violation since it's really nothing more than a slightly more useful referrer header that's completely anonymous.
How are referrer headers not a privacy violation?
[1] https://github.com/gorhill/uBlock/wiki/Permissions#access-yo...