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A lot of good answers in here here’s one more
The more data companies have about you the more they can arbitrarily charge you more.
For example, they realize that those people who listen to heavy metal and talk to themselves are more likely to get into a car wreck.(Please understand this is a made up example). So because Someone can use your car and your phone to listen to you, And they can also figure out your music habits. Now they realize they can just charge you more for insurance. Yet the reality is you may have never had a car accident in your entire life. So why are you getting charged more for insurance?
Now this is just one example, but I think you can understand why your privacy is very important.
Also talk to any attorney they will tell you even a halfway decent attorney can get a watermelon convicted of murder. So you’re right to privacy in your own home and you’re right privacy for your phone you write privacy in general is very important. Because evidence could be made to say pretty much anything you want .actually that falls under unreasonable search and seizure and privacy, but you still get the idea. Privacy is very important