The government solution to government problems is a giant disclaimer that nobody reads. If you take out a loan, they require the loan giver to give you a huge wall of text, that nobody reads. After a while, you realize that a larger disclaimer doesn’t help anyone. People who want to make bad decisions still make it. What you need to do isn’t more draconian laws on disclosure. But better marketing of better behaviors. 

Removing cash destroys the privacy of all human beings, it makes it harder for people to speak the truth when they are constantly monitored. The only time most people speak truthfully is when they speak without repercussions.

Everything you capture will be lost. Every piece of data users are required to input, can be used to impersonate you. If governments are in it to protect their people from the “wolves” out there, that will attack them with over eyeballing of their data. It’s not just companies that take advantage of this, it’s also nation-states.

The only way to protect people’s data is to stop them from giving it away so easily.

if anyone is asking you for your data, it means that they don’t have it, which means you can safely make it up.