Facebook/Instagram, are not fundamental rights, nor will it impede one's ability of living without them (I have neither).
No, but privacy is. That should not be a hard concept to grasp but it seems many on HN, for whatever reason, are struggling.
I don't see how making the user's only choice be to pay this subscription is a solution to that problem?
Their argument for the price being to high is that Facebook makes about €60 per EU user per year so setting the privacy fee to about €250 seems to be too high. Their argument, the main one, is also that consent should be freely given but if one choice is behind a paywall while the other isn't then the choice isn't freely given.
How is it not? Aren't you free to not use the solution?
I've personally never touched a Meta product and absolutely never will (and despite this they probably still have a shadow profile of me), but this isn't a simple or even possible decision for a lot of people here.