I formed the opinion a while ago that we should go a step further: ban advertising entirely (not exactly a new idea, Bill Hicks came first [1]). Billboards, TV ads, newspaper ads, paid-for articles, promoted Instagram content, all internet ads, everything.
One of the main tenants of capitalism is that it naturally produces a meritocracy. Products which are of a higher quality or cheaper than their competitors should, in theory, sell better. Advertising in any form subverts that. More expensive and lower quality products can completely outsell competitors by out-advertising them, which fundamentally undermines capitalism. I do not believe that any limits can be imposed which will make a meaningful impact: banning individual forms of advertising which we think have gone too far will be a never-ending game of whack-a-mole. Kill the industry entirely.