Re: Take it
"Like I said I've got other things to worry about out here in the real world."
Go and read the W10 privacy clause. As you're obviously not used to reading this sort of thing I'll give you big hint. Pay attention to what's missing, what they don't exclude themselves from taking.
"The data we collect can include the following:"
Notice it says "include". It doesn't say it's the complete list.
"Credentials. Passwords, password hints and similar security information used for authentication and account access. "
"Payment data. Data to process payments, such as your payment instrument number (such as a credit card number) and the security code associated with your payment instrument."
Compare that with something a little further down the list::
"Interactions. Data about your use of Microsoft products."
Do you notice something different between the first two and the third? The third has a restriction to Microsoft products. Do you see such restrictions in the first two?
Your real world includes Windows. Does your country's laws actually prevent Microsoft's "telemetry" from seeing stuff you might not want it to see and that you weren't "bloggered" to read about?
Frankly, I doubt you have much idea about the real world.