The government needs our records to collect taxes. So at the minimum the government must have some information. We can argue over the mechanism and trust factor but that’s not the core issue here.

The private companies doing this is the core problem. This is a service that the government could provide for free with the most safeguards.

Or perhaps you have some other proposal? And I’m not interested in the no government anarchy you propose elsewhere.

Some entity has to be trusted with our data anyway, at least government supposed to have some accountability before the citizens, corporations have much higher incentives for profit.