Just because we can't limit all players, we shouldn't even try to limit the vast majority of them? I'm not sure I agree with that logic...
Yes, the federal government is as bad (in reality, worse) than you say, but that's no reason to not take action against the thousands of other players that are blatantly following in their footsteps in terms of data collection.
If the government were serious about personal privacy, it wouldn’t mandate the storage of large amounts of personal information by banks on innocent people via KYC/AML laws.
Government is pretending to save people’s privacy with one hand, while forcing private companies to store people’s personal information with the other.