My rejection of the argument is based on the entitlement of people who make it. "I never would have paid for something, therefore I deserve it for free!"
I was hoping that you had some insight into the relative revenue generated by tracking and by clicks on the advert.
The tracking I find onerous because of privacy and bandwidth concerns and I imagine will be regulated soon.
The click-able adverts I have less objection to as I do not in fact click on adverts on Web pages - mainly because the products advertised are usually laughably irrelevant to my concerns and the subject of the article I am attempting to read (a point made by OP).