This sounds like the most efficient solution to me. There is no need (and for many, no desire) for the government to take on the role of tracking citizens.
A minor but strategic change in liability law around privacy would shift incentives in the way you describe and suddenly it becomes in the best financial interests of the companies to protect the data. Indeed this is the only kind of incentive they will respond to.
Nationalizing the credit industry doesn't really solve any real problems as far as I can tell.
A minor but strategic change in liability law around privacy would shift incentives in the way you describe and suddenly it becomes in the best financial interests of the companies to protect the data. Indeed this is the only kind of incentive they will respond to.
Nationalizing the credit industry doesn't really solve any real problems as far as I can tell.