Who owns data about me?
The European philosophy is based on the assumption that, by default, I own data about me. That's explicitly spelled out in the European data protection directives, and in parallel laws across the EU.
The American philosophy is that the data belongs to whoever takes the trouble to gather it.
The difference becomes stark when you consider this question, "how do you attach a market value to information?" If I own my data, then Google should be approaching me openly and asking how much I'd be willing to part with, and what I'd ask in return for it. That's why you now see those "cookie" notifications all over the web. But if the collector owns it, there's no need for them to do that - they can just set up their surveillance infrastructure and watch me all day long, and that's that.
But Tim, here, is conflating these two approaches. "Value to me" of my data - is for me to say. If I can't exploit it myself, it doesn't automatically follow that it's "valueless" to me. I don't anticipate getting a lot of money for my 1-year-old child either, but that doesn't mean she rightfully belongs to some hypothetical trafficker who could get a good price for her.
The "value to Google" of my data is something else entirely. Economically, it's almost certainly worth more to them than it is to me, and they can probably on-sell it much more profitably than I can, because they add value to it by combining it with data from a billion other people. But that doesn't automatically make it "theirs".
You might as well argue "the contents of your fridge would be more valuable to someone sleeping rough than they are to you, therefore they are the rightful owners of that food". No, they're not. That's not how "ownership" works.