Anything can be taken away, yes.
But in a free and democratic society, there's an enormous difference between "the democratically chosen state powers may take something from me" and "a private entity takes away something from me on an inscrutable whim with no recourse".
Neither is good if you don't want the thing taken away. But removing the second mechanism is still a laudable goal.
I think one is worse than two. Only governments have the power of violence.
Currently there's very much of a blur between "democratically chosen state" and "a private entity" (with a lot of money).
And we want them to. And to have the power to take things away. It's all a matter of degree and details.