Sure, but those not-irrational reasons are locale-specific. I've never heard of someone self-reporting the meter reading here in the US. The meter still keeps a local log of how much energy was used, so worrying about being framed for using too much energy still feels a bit irrational to me.

OTOH, smart meters allow the utility to charge TOU rates, which helps even out the load on the grid. It benefits the utility, of course, but also customers. For example, it is minimally inconvenient to set my car to charge or my dish washer to run at night instead of day, but I might not bother to do so unless the utility charges me below average rates to do so. I calculate that I am earning several hundred dollars per hour for the time spent taking advantage of TOU rates.

As for selling the data... the solution to that is banning such sales, not banning smart meters.