Earlier quoted context omitted.
Sounds like it needs stronger teeth. Not to be neutered.
I feel like "it doesn't work as intended so it never will, do not try" - an argument very frequently said by cynics, is the antithesis of the indomitable human spirit and human achievement. It's very harmful to anyone trying to do anything challenging. Imagine if this was one of the principal virtues in human civilizations. Where would humanity be? Would we know the Earth is round and not the centre of the universe?…
No. But the way you first picked to do the thing is very likely impossible to make work. Don't decide on a mechanism, like cookies, and fixate on it without regard for practicality or effectiveness.
Preventing invisible tracking is probably a good goal that's worth iterating on but making sites pop up a list of good and bad tracking and being allowed to track the people who accidentally don't click "No!" seems like an entirely failed way to go about this.
If tracking is bad then stop it for everyone, not just people who clicked the correct thing. If some tracking is generally bad but allowable for certain functionality then mandate that tracking is only applied once the user had opted in, etc. Don't make users mark "Don't steal my organs while I sleep" on the hotel paperwork.