Should organizations be allowed to have all types of personl data(X.com)

X will have a basically complete picture of its users, tying financial numbers and everyone the person makes payments to, to their weekly schedule to interests and desires, to the ability to imitate their manners of writing and often their images.

Should any society ever allow any institution to have all these types of data at once? You're basically negating largely the ability to protest and oppose politicians, since government in US can control X, which means negating the idea of democracy to a significant degree, which depends on education, private thought, speech and assembly, and the lack of everything these China-style apps want to collect and compile.

(I know Apple does this but Apple users generally are demonstrably sheep, and Apple's all-data-collection, like X, can be the subject of my question also.)