Re: The other option....
"Hmm might have overdone it with the meds....."
You might indeed. The value of PII isn't that only the data hoarders hold it, it's that it is unique for a given individual. The value to the data subject is intrinsic and not determined by the number of people holding it.
I can't off-hand think of a closer equivalent but this will do: it's like saying that if everyone were burgled then nobody's any the worse off because everyone else is in the same situation.