FWIW, I agree with other commenters that this is a betrayal of trust but I don’t have anything original to add.
Why not just say "We think we'll make more money by sharing private information our users trusted us with, without their consent." Then at least I think you'd get points for candor and honesty. As is, no points for either and everyone reading knows what you mean.
By the way, is it true you require a government id to delete your account? If so, why?