That’s a bit extreme. Most of this data gets used for targeted advertising. While that sounds (and sometimes is) shady, it also enables a lot of niche companies that had a much harder time existing before.

For example, what’s the point in showing ads for custom quadcopter parts to an 80 year old grandmother who doesn’t know what a quadcopter is?

Data should be regulated and protected much more than it currently is. But the idea of banning it entirely would have a lot of negative effects. Let’s be smarter than that.