data retention directive

The Data Retention Directive, more formally "Directive 2006/24/EC of the European Parliament and of the Council of 15 March 2006 on the retention of data generated or processed in connection with the provision of publicly available electronic communications services or of public communications networks and amending Directive 2002/58/EC" has caused a large amount of debate the past years.

It is argued that you would loose your privacy, that the directive will mean that all your data traffic and phone data is stored way too long, and that the directive is a huge threat to the society as we know it.

I disagree.