IMO, like bankruptcy laws in general it’s a generally a good idea. Where the nuances exists is what debts can’t be discharged in bankruptcy and at what point you pierce the corporate veil because several things remove the protections offered by creating a company.
One of the things we get wrong IMO is I think a corporation should be unable to shield itself from risk by creating another corporation. That creates all kinds of terrible incentives without any real upside.
Yes, collective rights exist.
I don't see how an individual trading these data would be more or less despicable to the parties involved.
A privacy watchdog really should publish an ad like that, to really drill into the common masses about what corporations do to us.
Except they don't need to do that. I can individually set up an app and spy on users and then aggregate that with other apps and buy and sell the data. That's the problem.
Put the other way: if a corporation hired a private eye to follow you everywehere and physically peep through your windows with binoculars, there would be backlash.