I don't mind.
Well even if you don't value your privacy, remember that this is a slippery slope. If a state succeeds in monitoring all private communication, then that's pretty much total power. Right now they're pushing it with terrorism, but this could end up being used in a variety of ways, they can run intensive tabs on activists, union leaders and pretty much anyone with some opposition to the state. With that kind of power they can smear or arrest anyone they don't like.
People may have this "I'm not doing anything wrong, so it doesn't effect me" attitude, but even if you don't live there, it makes democracy look like a bad joke. The NSA have upset a lot of people around the world for intrusive spying, If anything this is the ultimate success of terrorism, to make the state crazy paranoid to a point where it's undermining it's own freedoms.
It may an overused argument, but I always tell people;
Our country was kind enough to register everyone's religion in the passports of all citizens and in the town administration. No-one ever thought of this being a bad thing and no-one ever knew why you want to register such thing, but they did it anyway.
Along came 1940 and the German troops invaded our country. Mass deportation of Jews begun. How does one figure out quick and effective who is Jewish? Well, one simply goes down to the town hall, confiscate all the administration and tadaa, we've done all their work in collecting the information they required for their termination program.
So, right now you may have nothing to hide. But what about the future? What if you get invaded by foreign forces? What if your own government turns on you? And what if auto-collect data says you are suspicious, where in fact all activities you do are valid, but somehow trigger an alarm?
As Junco says, its a slippery slope.
To quote Benjamin Franklin:
He who would trade liberty for some temporary security, deserves neither liberty nor security
Privacy is your everything, you should fight for that.