I absolutely hate social media in almost all of its forms and can only stomach mostly anonymous SM like Reddit and lemmy, but I 100% agree with your take.

Parents should manage what kids have access to, and kids should be able to find workarounds if they really need it (e.g. use SM at a friend's house, school, etc). This should be resolved with a bottom up approach, not a top down approach.

Another issue is that in order to prevent kids from getting accounts, we'll need to ID parents to ensure they're old enough, as well as related to the child. That violates my right to privacy. My state passed something similar, and hopefully it gets blocked before it can take effect as well, but if not, I'll be setting up a VPN at my house so nobody in my house needs to prove their identity for SM use.