> The EU is the only place on earth having kinda sensitive big data/privacy laws and enforcements thereof
Only for corporations, not for governments. EU already has mandatory ID cards with biometric data (fingerprints), while AFAIK there is no such systematic collection of biometric data in US.
If we put all these things aside, AEoI exists and if a bank does due diligence on mortgages, loans and car leases, they collect plenty of stuff, if they have it, the government can have it.
The EU mindlessly signed up for that, now the US gets all that insight, meanwhile, its almost impossible for americans to open a bank account abroad. The europeans do not share fingerprint data, cept for criminal interpol investigations.
You are mistaken if ypu think your government is collecting less data than the euro governments.
There are more issues with governance there, but I will not go the esclation route, my message is simply to not trust governments with your data.
All on a need to know basis.
I am EU citizen and i think that my government is collecting much more personal data than necessary. Whether they would also share these data with the US government is for me much smaller concern than the fact they collect it for themselves.